Can i ask for my IVA to be extended ?

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jim.m

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Post by jim.m » Tue Mar 20, 2012 8:25 pm
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Can i ask for my IVA to be extended
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Broke of London

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Post by Broke of London » Tue Mar 20, 2012 8:27 pm
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IVAs can be extended. Do you have a particular reason for wanting to extend? x
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Shining

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Post by Shining » Tue Mar 20, 2012 8:30 pm
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I would talk to your IP in the first instance. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Tina Shortland

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Post by Tina Shortland » Wed Mar 21, 2012 10:24 am
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Hi Jim - yes you can but there needs to be a good reason for the original terms to be varied. If it is a short term extension due to needing a peyment break then your IP can approve that however if it is an overall extension due to needing to reduce the payments by more than 15% your IP will need to formally propose this to creditors. Have a chat with your IP and I am sure you will work something out.

Let us know how you get on.
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at www.debtadvicetv.com

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