Thank you for your replies. However the company dealing with this have said they will not ask for a meeting or prepare a proposal until they are holding the funds. Apparently this is due to the work and cost involved in proposing a variation. I have said I will provide proof of funds but they have c...

Hello All I have an opportunity to borrow funds from a family member to offer a full and final settlement for our IVA. We are just coming to the end of our 4th year. I have discussed this with the company dealing with our IVA and they have asked for proof that the person has the funds and also for t...

Thank you for your advice. Apparently the administrator I spoke to last week is going to speak to my IP to see what can be done, although I haven't heard back yet. We have been offered help by my parents to finish this as they are worried about us being so stressed and poor all the time - like every...

Hi I did have a question last week regarding full and final settlements and am grateful for the replies. However I have now spoken to the company dealing with my IVA and they have informed me that I would need to offer in the region of £19,000 for a full and final settlement at the end of year 4 to...

Thank you for your replies. I have read through some of the posts on releasing the equity in the property and I am hoping that as there is no equity our IVA will finish after 60 months. I blame noone but ourselves for being in this situation, but it will be lovely to complete the IVA and be able to ...

Hi everyone. I am coming up to my 4th year in the IVA and like a lot of people on here are worried about the equity release. I have checked the Chairman's report and it says 'the propertyis to be valued within 3 months after the 4th anniversary and the debtor's equitable interest is to be realised a...

Many thanks for your responses. I will check the small print, although the only thing I have been able to see is that if more than one third of the payments have been made they cannot collect the car.

We have been in an IVA for 2 years. We did have a Hire Purchase agreement for the car when we went into it and received a letter off the finance company saying that they had been informed we were going into an IVA and were cancelling the agreement. They subsequently agreed to keep the agreement in f...

Many thanks for your replies. Our I & E shows a deficit between what we have in and what is paid out, including the payment into the IVA, which is why I wanted to check on the cost of living increases.

Hi
I was wondering if you could clarify whether it is normal for an IP provided to ask for 50% of cost of living wage increases to have to go into the IVA as additional payments. I understood that these were ignored as they would need to cover the cost of living inreases in your outgoings.

Many thanks for your comments. Ihave just spoken with the Citizens Advice Bureau and have a meeting with their debt expert on Thursday. I have provided Synergi with all the information on why I disagree with them. I have sent them the original I & E, copies of all e-mail correspondence, etc., etc. I...

Thanks Kallis - however my argument is that the agreement specifically states 50% of any significant increase above that shown in Appendix V of my agreement, i.e. the I & E schedule completed at the outset. My argument is that their comparison should be with that, not with the one review showing a l...

I will thanks - only one query can anyone answer my question in respect of which Income & Expenditure account is used to assess any over payment, i.e. that which was agreed and filed in Court or those in the following years? I thought the income & expenditure review was to compare what the income & ...

I will do that, but first will speak to the Citizens Advice Bureau so I am sure I am correct in my thinking. Many thanks.

My argument is I don't believe this amount is due. When they do their annual review what figures do they use for comparison? Those from previous reviews or that agreed when the IVA was agreed, i.e. the income and expediture agreement filed in Court? Athe start of our IVA our joint salary was £2784. ...