This drop off you speak of? Is that 6 years from the IVA start date?

So when will the others that are currently showing as defaults be shown as "settled"?
Or wont they?

IVA start date was Jan 2010 and the majority of creditors have default showing from Jan 2010. A couple of creditors have defaults past the start of the IVA date - For example Nationwide showing June 2010. I appreciate I should write to them and get them to change the default date to be in line with ...

Edited: Now informed that we need to wait 6 years from start of IVA.

Creditors meeting was yesterday and variation was agreed [:)] Payments made to date accepted as full and final settlement. To say we are pleased is an understatement [:)] The 2 modficications were... 1)IP receive less fees than originally agreed and 2)IP complete all the admin within 6 months IP sai...

Thanks for the replies.
Going to contact IP at the end of April and will let you know how we get on.
Keep your fingers, toes and eyes crossed for us.
Cheers,
Lord Carson

Bump[:)]

Can a mod move this thread to the correct section also please? [:I]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by MelanieGiles This sort of variaton is very common these days, and personally I have never had one turned down, so give it a go as there is no real alterntive but bankruptcy proceedings - in which case ...

Thanks for the advice. Much appreciated.

Very unlikely we would be able to release any equity.
On standard variable rate with existing lender as even they wont give us any kind of new deal/fixed rate etc.

Not sure about the minimum dividend clause? GT are our IP.

No disposal income at all based on my income alone.

Apologies for posting in wrong section!! [:I]

Was looking for some advice from you good people in the know. Been paying IVA at £800 a month for 3 years now. My wife had another baby in December and we arranged a 6 month payment break. However, since then her company has gone into liquidation and there is no job to go back to. It will now be a d...

It is highly unlikely that you would be able to remortage - I have not heard of anyone on here who has been successful. Most of us are now resigned to the extra year. Kallis, you have made my day. That is exactly what I hoped would be the consensus on here. In my situation it is likely that there w...

My understanding of the equity situation is that a valuation is done on the property at end of year 4 of the IVA to try and ascertain the market value. That would then be compared to the outstanding mortgage balance to see what the value of the equity would be. Now assuming there is some equity in t...