Hi All, I have had a confirmed PPI claim from ALLAY for £1544.13 , EIF claim they have no interest in this claim as it was not theirs?However PAYPLAN fail to give me a figure on how much if anything i will receive from this claim! They say that EIF are handling it all! but they say they are not ! Th...

Dear Sirs, Today I received a draft proposal from my administrator whereby they plan to call a meeting of the creditors to make my iva a paid up policy. I have been in the iva for 78 months and send them evidence money cannot be raised for the equity value from my home. My concern is that within thi...

Hi , I am 76 months into my iva , which has been extended to 84 months after a 12 month break from payments. My equity value is 22,000 , but I received 2 refusals for loans to release this money. My partner , who is not part of the iva has been made redundant and therefore from my income and outgoin...

My IVA may last to 96 months

Has anybody ever exceeded 96 months on an IVA ?

Hi thank you for you valued replies , since my post I have taken further legal advice and Payplan have now informed me the creditors cannot now make me bankrupt , as the agreement clearly says that if a loan or a remortgage cannot be attained a 12 month extension will come into place ? This will tak...

Very Concerned ; My IVA Payplan I have just put the phone down from Payplan and this should concern any person contemplating taking out an IVA, here are the facts ; #My Equity Clause when from 75% to 85% in Year 5 without me knowing ! #Playplan have advised me they need a Valuation of my property in...

Thank you I really appreciate your replies

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Michael Peoples I will try and answer what I can but only your own IP can give definitive answers. If the IVA was extended due to a reduction in payments or arrears then the extension of time should al...

Dear Experts, I am now in year 7 of my IVA as an extension of 24 Months was added to my 5 years , as I couldn't maintain the arranged payments , this was all agreed by the creditors. On checking my letters from Payplan I note the following points and would like clarification if possible please ? 1.E...

Hi Lisa,

Yes my partner has a 50% share in the property and also I am in the last year of a 24month extension.

Hi I am in the 6th and final year of my iva , but pay plan are requesting a further survey to establish the equity in my property ? As my property is jointly owned and my partner has spent heavily on home improvements I am concerned this will increase the equity and therefore leave me with a large l...

Hi , I am in my last year of my iva , if I cannot gain a remortgage to release the equity into my iva , what are the options likely to be please ?

Hi I am 3 years into my iva, and my property gets surveyed on weds ready for the 4th year 70% of equity clause.

As i cannot get a mortgage anywhere to re mortgage, my equity is likely to be in the region of £35k X 70%, what now happens if i cannot raise the £24k?/

MelanieGiles wrote:

I'm still confused about your reference to the Official Reciever. Can you clarify that point please?

Sorry Mel. I meant Payplans Insolvency Practionar

Hi Thanks for the reply, yes I informed Payplan all the way and when in November, I knew I had this position starting January, I agreed to pay £100 November, £100 December, £100 January and after my first month's wage in I would pay £350 in February the normal amount. I paid my Jan payment only Tues...