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Hello I was just wondering is there such as Iva holiday as I've paid 37 months and struggling a bit this month as I need a bit extra money ,
would the cost of the missed month be spread over the remaining 23 months if it's possible .my Iva is with grant Thornton please advise thanks

Not a payment holiday - but if you were to miss a payment this would put you one month into arrears and your IVA would not fall into default until you have missed three (subject to the terms of your own arrangement of course).

Give your IP a ring to discuss the difficulties you are experiencing and the reasons for these, and I am sure they will be able to help.

Hi and welcome to the forum. As answered by Melanie talk with your IP about your reasons for requesting a payment break and I hope this is considered for you to make things a bit easier.

it what ever was agreed in your iva.i was allowed up to 12.

Payment breaks do happen all the time for a variety of reasons but discuss things directly with your iva firm.

Paul

Payment breaks for emergencies need to be discussed and evidenced with your IP. I've had a few over my time but always found a way to pay them back bit by bit to avoid adding any extra time on to the IVA.x

we had a payment break ..and it was added onto the end of our iva

It is interesting to know that the new 2012 IVA protocol does allow for up to three months payments holidays throughout the duration of the IVA - to deal with emergencies.

We struggled to get one at the end of last year and have had to make the payments up over the next twelve months. Initially they wanted us to do it over three months!!! If we could afford that then we'd be paying much more into the IVA than we are!!

We weren't allowed to tag it onto the end.,

Seems strange not to allow payments to be tagged onto the end given that it appears theres no rush to conclude an iva. Happy to let them roll on indefinately for vat and ppi issues!!!

Paul

We were told that we can't make more than 60 payments - but then we'll have to pay the extra 12 months in lieu of the equity!!!