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Posted: Fri Jun 13, 2008 2:37 pm
by janderson
Hi People
A question for Melanie, I saw a post recently where you said you were supervising an IVA for 17 year duration. The query I have is is this doable for others and could it be made to work if you were offering a low payback.
Cheers
John
Posted: Fri Jun 13, 2008 7:56 pm
by TheMatrix
My God a 17 year IVA, cannot be right surely?
Posted: Fri Jun 13, 2008 8:12 pm
by angela18
its true was on a thread yesterday about extending IVA and lowering payments
Posted: Fri Jun 13, 2008 8:24 pm
by cfnc
This is the post re 17 year IVA, Melanie took over the case from another IP, so do not know in theory joe easy it is to get an extended IVA.
http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=12718
Kirsty
Posted: Fri Jun 13, 2008 9:51 pm
by TheMatrix
Well I've seen it all now, that's an awful long time to be stuck in a IVA though.
Posted: Fri Jun 13, 2008 10:38 pm
by Adam Davies
Hi
Huge fees
Not to be recommended
Regards
Posted: Sat Jun 14, 2008 10:29 am
by janderson
Hi All
Our application was turned down primarily I believe due to a low offer, if we went back and offered to have an extended IVA with the same offer would it be likely to be accepted. We do not want to go bankrupt if it can be avoided.
Regards
John
Posted: Sat Jun 14, 2008 3:51 pm
by indebtforever
17 years is a lifetime 5 years is long enough[:(]
Posted: Sat Jun 14, 2008 4:02 pm
by MelanieGiles
17 years is unusually high and would not be suitable for a consumer type arrangement.