I’m pleased to say I have only got 5 more payments.
It has been confirmed that my equity clause has been satisfied as under £5000 equity in property.
I am finally feeling a weight has been lifted.
It would of been my last payment last month but I ended up in arrears.
My question is my arrangement was extended for 6 months to pay off the required amount does that mean that I will have another review and any additional income will need to be payed or am I just paying of that arrears amount so when I reach that figure that’s it the end of the IVA
Good news!! You may have another review but not too sure about that. One of the experts will be along shortly.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I guess the annual review will still happen if it falls due (ie 1 year since the last one). As Foggy says - all terms of the IVA still apply. But very good news on the equity and the end is in sight!
Keith White wrote:I guess the annual review will still happen if it falls due (ie 1 year since the last one). As Foggy says - all terms of the IVA still apply. But very good news on the equity and the end is in sight!
Thanks.
The end will only be 6 months after the last review