Thanks Michael - that's helpful to know if I have any say at all about when I may have to leave. I'm just looking at all the scenario's and worst case / best case at the moment.


Thanks again [:)]

Kazzafunk - yes I am a civil servant [:)] it may not happen but then again it may.

Thanks for all your replies - can I ask, what happens if I am made redundant a month or two after my last payment ??


Thanks again

Hi

I am due to finish my 6 year IVA next July. If I am made redundant and recieve a pay out of £40,000 how much would I HAVE TO PAY INTO MY iva ?

Thanks foryour time


Karen

Well done - am 10 months away myself - happy, happy days !!

Thanks Kallis3 - it seems to be coming round quickly now - but looking back at the nearly 5 years done it hasnt been much fun..Nay mind x

Thanks Michael thats really good to know. I am single with 2 children and have been through 4 £400 cars since in the IVA. Hence the need for Payday loans, without the car I couldnt get the kids to school and myself to work so the IVA would have failed anyway, and I'm dwesperate to make it work. I fe...

I have paid one back and am still paying the other off gradually. My IP has not asked for my bank statements in the nearly five years since I started the iva !

Wow - I didnt realise that. the second question is I have had a couple of Payday loans whislt on the IVA - dont ask !! When will this be picked up by my IP ? Or may he already know and turn a blind eye. I dont want to carry on with my contributions till next July if he will fail it at the final hurd...

Would they really get an extra 12 months fees then ?

Payplan suggested 7 years when I couldnt release any equity, they were expecting 19k from this so I think Payplan saw this as a big loss and suggested 7 years for that reason. Then this had only just been arranged when I had to half my monthly payments so I think Payplan may have thought my creditor...

Is this normal, though I am not complaining. I have nearly done 5 years in the IVA. As I couldnt release equity from my propery Payplan proposed that my IVA be extended for 24 months. My creditors accepted the proposals but only wanted an extra 12 months !! Now my financial situation has changed my ...

Hi I'm not sure what that means and there is nothing in my documents that state this. The proposals say that ' not being able to realise my interest in the property may mean the supervisor may call a meeting of creditors to consider varying this sum or the duration of the arrangement.' thats fair en...

Hi Tobymoz - It's Payplans take on it, telling me they may force me to sell or petition for bancruptcy. It's an extra 24 months they are asking my creditors for, which would take me to 7 years, but the meeting hasnt taken place yet, Payplan said the whole process of the creditors meeting etc can tak...

Hi I am in my final year and a valuation has confirmed 24k equity, but cannot remortgage. payplan are saying that my creditors may force me to sell my property in order to recoup the original dividend, as an alternative they are suggesting an extra 24 months payments taking me to 7 years. I have opt...

Hi

Are you saying you are being made bancrupt because you cannot release equity from your property ? Or are there other reason...have you missed payments for example ? x