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Locko
Posts: 181 Joined: Wed Apr 30, 2008 11:02 amLocation: United Kingdom
Hi All, I haven't been on this forum for ages but have found it invaluable over the years. I just wanted to say to everyone in an IVA there is light at the end of the tunnel. I've had confirmation that mine and hubby's finishes in September 2013 after 5 years. House was valued and we are in negative equity. I know it is hard and we have found it tough over the years but we can now see that the end is nearly here so hang in there folks it does get easier xxx
Foggy
Posts: 33396 Joined: Fri Dec 17, 2010 11:14 amLocation: United Kingdom
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Nearly there, Locko, nearly there
My opinions are merely that .. opinions based on experience. Always seek professional advice.
luluj
Forum Expert
Posts: 11333 Joined: Sun Dec 09, 2007 6:54 amLocation: United Kingdom
Thanks for updating us and well done ....not long to go now and you will be completely debt free ....stay focused in the last few months x
Sharing from experiences of dealing with debt
Struzzo39
Posts: 1820 Joined: Sun Jan 24, 2010 5:56 pmLocation: United Kingdom
Well done you x
Steven & Debbie
mitch2311
Posts: 247 Joined: Tue Jun 12, 2012 1:53 pmLocation: United Kingdom
What happens at the end of the 5 years if the house has no equity in it?
Foggy
Posts: 33396 Joined: Fri Dec 17, 2010 11:14 amLocation: United Kingdom
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Depends upon the wording of your proposal, Mitch. Most these days exclude the property if equity is less than £5k ( but some don't!).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
wiggle1
Posts: 600 Joined: Fri Jan 27, 2012 7:09 pmLocation: United Kingdom
Well done Locko, hang on in there, the end is so near!
Life after IVA is wonderful.
MelanieGiles
Industry Expert
Posts: 47612 Joined: Tue Jan 09, 2007 10:42 amLocation:
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Homeward stretch now for you - I bet your are counting weeks rather than months! Well done on a great achievement.
Regards, Melanie Giles, Insolvency Practitioner
