my husbands iva will finishes in feb 2011 and so would mine,
but because were having difficulties getting a remortgage for the 4th year claues the may ask me to do a further year, will they expect my husband to pay towards it as his iva will have finished,
He is paying £500 a month
I am paying £175 a month
Yes mine say that the can make me pay another 6 months,
its just we were wondering is because my husbands would
be finishes will they ask him to pay is £500 in to mine
donna
Last edited by donna23 on Sat Jun 06, 2009 1:40 pm, edited 1 time in total.
I'm surprised that it doesn't say the same on his.
I would check with your IP as to exactly what the position is with regard to this.
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The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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If you can find your paperwork, post the exact wording on yours and hubbys with regards to the remortgage and im sure somebody will be able to make things a little more clear for you both x
it is proposed that the voluntary arrangement should last for five years from the date of the creditors meeting and creditors attention is drawn to clause 8 of the standard terms and conditions attached at schedule 7 to the
proposals.
the supervisor may at his discretion extend the period of the iva up to a period of 6 months beyond the agreed duration to faciltate the practicaities in the completion of the individual voluntaey arrangment. if such discretion is exercised, then this will not include the payment of addititional voluntary contributions for the period of the extension, subject to all the voluntary contributions due and payable under the iva having been paid to the supervisor.
think this is what you mean
Donna
Last edited by donna23 on Sat Jun 06, 2009 2:15 pm, edited 1 time in total.
I think this might relate to if you needed payment breaks for unforeseen circumstances (i.e car repairs) during the length of the IVA. I must strees I am no expert.
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Is there anything in there which relates specifically to your remortgage Donna?
I think Paul could be right about the 6 months extra relating to a payment break.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
