www.iva.co.uk

can a IP ( PwC ) reffuse payment or reffuse to let you do in IVA within the first year, My debts were small but i lost my house with IP charges ( i had lots of equity in my house )

Hi Sean,

Can you elaborate a little more? Your IP fees will have come out of your monthly payments. Were your payments set too high?

Did you actually get any money back from your house? I presume it was repossessed and has possibly been sold?

Hi - I'm not sure what you mean by "do in" your IVA? The IPcharges wouldn't have been any higher than those you signed up to in the proposal/ chairman's report. Also yu wouldn't have paid across more equity than sufficient to pay your total debt plus fees and possibly interest. Can you explain a bit more? X

It appears 'Sean' works for Myvesta as I have looked at previous posts and the queries clearly relate to different IVA scenarios. I am wondering if these queries are actually his or are they ones submitted to other sites and he is looking for help in answering them.

With enough equity to cover debts there is no insolvency and a restructuring of debt would be favourable.

Paul

Thanks for clearing that up Michael.

If that is the case then we don't mind answering the questions but it would be appreciated if more detail were posted in the first instance.