Completion certificate received on 23rd March. I am finally debt free after almost 7 years.

Thank you for all your advice. This is an excellent forum.

Thanks for your advice..

I have been awarded £150 compensation from my IP for a 12 month delay in closing my IVA.

In your opinion is the amount of compensation reasonable?

Thanks! Such a relief

Good news, my creditors have accepted the variation and my IVA has now closed. Thanks for your guidance.

My IVA company will be writing to my creditors to ask for the modification to be removed based on my personal circumstances and the I have paid back 20k more than originally predicted. I have to submit a written statement in support of this. Thanks for your guidance. I will keep you posted on any de...

Hi

Hi Thanks for the advice I cannot afford to pay 15k pay in a year and I won't get the finance because I do not have a permanent job I do not recall ever being briefed about this modification and wasn't present at the creditors meeting when my IVA was approved. So I have made a formal complaint again...

Hi Lisa Thanks for your message.. The exact modification is as follows:- During the final year of the Arrangement the Debtor is to pay the Supervisor by way of a single lump sum or in instalments an amount equal to 75% of the Debtor's interest in the property or sufficient funds to enable a dividend...

I have been in an IVA for 6.5 years and paid a lot back to creditors. I am due to complete in January but have been advised by the IVA company (there was a modification when the original IVA was approved) that the creditors are entitled to 75 percent of any equity in my property and that I have to p...

Hi there

Should I make a token payment to my creditors whilist going through the IVA process.