Is IVA complete?

[kallis3]

He won't keep incapacity once he goes onto state pension - my husband lost his but we did keep the higher rate DLA that he had.

[Lisa Thomas]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Sheila.pl

Hi Lisa, yes it makes sense except point d, why would my husbands payments be reduced to nil. He currently receives around £1200 which is half his salary each month thanks to an insurance taken out by his employer and also the usual benefits. When he reaches 65 in January he will instead go down to basic state pension plus DLA benefit, not sure if he keeps incapacity or not, so it works out we will be £1600 pounds per month worse off but I still expect them to ask for payment of some kind until end of IVA.

Hi When you say 'we' will be worse off I presume you mean his income will be less and he will not be able to maintain his existing payments. It depends on the new figures but if he can't afford to make his payments then he won't be able to contribute.

[Sheila.pl]

The 'we' applies to both of us as I retired in August for a variety of reasons but as I had previously retired at 60 I was already drawing my pension so when I went back to work to help sort the debts out I was getting a wage as well as pension which were both used when calculating payments. As my wage has stopped now there is a shortfall in my income of around £900 a month from September as I get the state pension plus £50 a month work pension. In January my husband will lose his half salary benefit from work, incapacity benefit and EESA benefit, all of which are taken into account for payments. These will be replaced with the state pension of £700 plus industrial injuries benefit and DLA. The loss of income for me is around £900 per month and in January we will lose around £800 from my husbands income. We may be able to continue to contribute but it will be a nominal amount and not the 5th year amount of £734.

[Lisa Thomas]

Hi Sheila The figures will be looked at by your IP as to whether you can afford reduced payments (or Nil).

[Sheila.pl]

Thanks for the advice Lisa, just being pointed in the right direction helps. I will start putting my ducks in a row and let you know the outcome.

[Lisa Thomas]

Look forward to hearing how you get on. Good luck.

[Sheila.pl]

I have received an email this afternoon and wondered if anyone on here has any idea what it means "



Dear Sir/Madam



Your Individual Voluntary Arrangement


I wish to confirm receipt of your Income and Expenditure documents and thank you for same.



I should confirm that no additional funds are outstanding in relation to additional income earned.

Should you have any queries please do not hesitate to contact my Customer Services Team, on telephone number 03339 397920 or alternatively you may wish to email the team at ivareview@aperture.uk.com."
I will email them tomorrow but I don't expect animmediate reply. Thanks

[kallis3]

Sounds to me like you've finished.

[Lisa Thomas]

It means you don't owe any additional contributions in respect of your income. It doesn't mean they have satisfied themselves about the property position and/or are now going to take steps to close your IVA. I suggest you reply and thank them for confirming this and ask them to confirm whether that means they are now taking steps to close your IVA.

[Sheila.pl]

Hi Lisa, an extra bit of info I did not mention, we received a letter regarding the equity/extension the same day I sent the request for an update on the situation. The letter just said that they would start taking the monthly payments again on the 28th December, no other information was supplied in the letter. I promptly rang Apeture to tell them we could not afford this and that I had a request for a variation pending, the lady I spoke to said she would ask them to prioritise the income review, which she seems to have done #128578;
When I saw the email last night my heart stopped as I initially thought the same as Kallis but the wording is so ambiguous I wasn't sure.

[Lisa Thomas]

It is a bit unclear - but it doesn't actually say they have agreed that there are no payments to be made in respect of the equity. I would ask them to confirm if this means they are closing the case - if the answer is no they should tell you why. It's a shame you can't just pick up the phone and speak to someone with some common sense who can give you a definitive answer as to what's going on with your IVA.

[Sheila.pl]

I know, may try this afternoon, the letter regarding the extension contained minimum information, just said we would continue paying at old rate starting in December, no mention of equity or extension, they are worse than doctors for getting information out of them. I have received an acknowledgment email regarding my query but I'm not going to hold my breath waiting for a reply. I'll keep you updated, here's to a good outcome.

[Sheila.pl]

This is the email I received this afternoon
"

Good Afternoon xxx a

Thank you for your recent email.

I wish to confirm that a letter was sent to you dated 6 November 2015 confirming your term was to be extended by a further 12 months in lieu of equity. I have attached a copy for your records.

If you are unable to continue with the expected payments then you will need to complete and return the attached change in circumstance booklet and provide evidence that you are unable to meet the agreed payments. As per the income and expenditure information previously provided you have exceeded the guidelines for a number of items therefore if the figures are reduced to the amounts permitted then you may be able to afford a higher amount that the £61.73 previously advised.

Upon receipt your case will be reviewed and if necessary you will then be contacted to discuss a possible variation. A variation will not be held until you provide the above information and the change in circumstance is discussed with your first.

I trust this is satisfactory, however should you have any further queries please do not hesitate to contact customer services on 0333 939 7920 or by email at ivacustomerservices@aperture.uk.com"
I rang them when I received this and asked why it has taken two months to send me the form for a variation as I sent the letter and I&E in September, I got an apology and was told not to worry as they would get everything sorted. They could not tell me what guidelines I have exceeded but as our expenditure is exactly the same as before I cannot see what they are on about. I did tell them, again, that if they take the December payment as currently planned they will cause us to miss a mortgage payment as we can't afford both. They have asked us to fill in the change of circumstances as though Graham has retired and then email over. As before I will keep you updated(again)

[Lisa Thomas]

Hi -As far as I can tell they have told you that you don't have additional payments to make following the review of the I&E for the last year however due to the equity position the extension does apply to you and you therefore have another 12 months to go at your existing contribution rate. All you can do is challenge the equity position if you think you have less than the minimum.

[Sheila.pl]

Hi Lisa, I have filled in the CIC form with the information that is relevant and even after cutting expenditure down to the bone i.e. only £90 per week for food etc, no allowance for hobbies/leisure and savings made on gas & electric we will have a negative surplus income figure so it looks like we will get our variation meeting and according to the person I spoke to today they may even apply for funds already paid closure with creditors. Fingers crossed.