Fri Mar 27, 2020 8:15 pmlisakent86 wrote: Do you know how long does an IVA last?Lisa, please start new threads with your questions, rather than ressurrecting old ones, thanks.
Fri Mar 27, 2020 8:20 pmFoggy wrote:Thank you so much for the answer. Will start a new thread when I have any questions. I appreciate your help.Fri Mar 27, 2020 8:15 pmlisakent86 wrote: Do you know how long does an IVA last?Lisa, please start new threads with your questions, rather than ressurrecting old ones, thanks.
To answer your question: An IVA lasts as long as is agreed by all parties. The 'standard' is 5 years, which can be extended to 6 for equity release or if the dividend is too low, and sometimes 7. Thay can also be a few months long when the repayment is made by one lump sum payment.
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