When I say monies owed that is the figure when all the creditors declared. Total owed to all creditors was £21,243

Would just like to add that if paid into the arrangement it would mean that I would pay back over £6000 more than I originally owed???

I think thats part of the reason I was so shocked. If I was expected to pay the money in I can't understand why they didnt pursue the matter after each year?

Should finish in June 2012 but have equity in my property so have attempt remortgage. Additional year will be added if I can't so will be June 2013.

Guys I am in big trouble. Three years ago whilst in third year of my IVA I completed a degree course which meant my basic pay increased and I was eligible to do overtime. I received a letter today following my recent annual income/expenditure saying that over past three years I have not paid 50% my ...

Thanks lem now I can work out if I will be expected to remortgage.

Just worked figures out and it seems I will have a lot more equity than 5K. How much will I be asked to pay into my IVA assuming I could get remortgage?

Hi Chris,
How long has you IVA been running?

That 5K figure is the one I have but mine is made more complicated by the fact that I have shared ownership ( only own 45% of house - MOAT own rest).

Morning Jan - that seems a lot my debt wasn't that big in the first place. I really don't understand this.

Hi Kate, Don't worry too much what HMRC tend to do is adjust future entitlements i.e lower them to account for the overpayment. This will obviously mean a drop in your income so you should talk to your IP and explain what has happened. Sorry I am assuming that you still have a valid claim to CTC at ...

Can anyone explain how this works. I understand essentially what it is - amount borrowed against value of the property as a percentage. How is it applied to my IVA? and what does it mean 85% of my loan to value share???

Hi Andrea, best of luck to you and your family, and congrats on birth of your little girl. Think you might have to change your screename to coupleplus2!!

Cheers foggy forgot that!

Me too. I was advised to use the GT expert Karol who can be contacted at ivacustomerservices@uk.gt.com. It was actually Claire who got back to me within minutes and I found her very helpful indeed. Explain your situation they may have a workable solution.
Good luck

I am due to re-mortgage now. Will submit valuation with mortgage redemption figure and let IP do calculations. Had house valued today so I know I will have the equity required but probably won't get re-mortgage. My debt was 22K and by December will have made 16.5K worth of payments so I am hoping th...