Hi,
I've just had a refund from my IP as I had paid more into the IVA than was owed + fees. My last (72nd) payment was in October and refund was paid last week. They are in the process of issuing completion cert.

My thoughts exactly

Wording as follows:- 7.8 Should any increase in contributions in accordance with the foregoing result in payment in full of the amounts due to my creditors at the date of approval of my Arrangement, together with the fees and costs as specified in this proposal and the attached Appendices, prior to ...

My IVA mentions that if it is paid within the 66 months period from the start, there will be no statutory interest payable. Will this condition still count if the IVA is extended due to equity release? I have just made the final payment to my IVA after 72 months and have paid in more than 100p in th...

Thanks Ian.

Thanks Foggy

Hi Ian,
I noticed a post this week on the forum that mentioned someone being in the final year (equity release) of an IVA not needing to pay extra for overtime or bonuses. Do Freeman Jones operate the same policy? I didn't want to be tying up a phone line to ask the question.

Nice one Clanger.

Does anyone know if the equity release year is the same for all IVA's regarding bonus and overtime payments not being required?

Guys,

It makes a difference when you do the 85% calculation.

If you do it before taking the mortgage and loan off the house value then you get £1447.65.

If you take the mortgage and loan off first then you end up with £6968. This is using the example calculation.