12 months extension

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john.jk

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Post by john.jk » Sun May 12, 2013 6:48 pm
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I will soon be starting an extra 12 months of my IVA due to the equity release clause

Do I need to have a final yearly review or do I continue paying the same as this year

Thanks
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Shining

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Post by Shining » Sun May 12, 2013 7:01 pm
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I would think there will be a review as per usual but do check with your IP for a definite answer.

All the best with your final year you're almost there.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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luluj

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Post by luluj » Sun May 12, 2013 7:39 pm
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There should be a normal review undertaken - good luck - you really are now within touching distance of the finish line - well done
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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todd71

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Post by todd71 » Mon May 13, 2013 11:52 pm
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Hi,

My 12 month extension to my IVA finishes on the 24th June 2013 well PPI/VAT allowing of course!!!. I just had a normal annual review but contact your IP to confirm.

Good luck
tsweeney
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MelanieGiles

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Post by MelanieGiles » Tue May 14, 2013 12:28 am
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Yes - there should be a normal annual review at the end of the fifth year, and if your disposable income has increased then you will be required to pay higher contributions during the sixth and final year.
Regards, Melanie Giles, Insolvency Practitioner
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