thanks very much B.O.L

one more thing,how is the fee and interest paid after the IVA has been paid because the monthly payments i pay cover just under £9000? i was under the impression the fees was included in the £9000..

oh i see..17 months it is then..

thanks very much ginger3232 and kallis3 very helpful [:(]

the £9000 is whats left,at the start it was 28,000

thanks very much thats exactly what i needed to know.. [:)]

Sorry if I am appearing stupid here, but when we started the IVA we owed between £28,000 - £30,000. We now only have £9,000 left so if we wanted this IVA to finish, would we have to find the £9,000 to finish it, or would they take the £9,000 and we would still have to carry on paying until September...

Thanks very much for the quick response but when you say the full amount of debt is that the original amount of debt that we owed with interest included, or the £9,000 that is left to pay?

Hi, I have between £8-9,000 left to pay of my IVA over the next 17 months. In November last year I applied for a PPI rebate which I am due to receive next month in the region of £6,000 which I have been told will be paid directly into my IVA. Will this finish my IVA earlier than the original date of...

thanks to you all,you have made it a lot easier
colin

Hi it's Colin - thank you very much for your good advice - we have decided to go for IVA - we have actually got equity in our property of £25,000.00 - does this mean that the creditors can take a portion of this, if so when do they actually take it? Whilst the IVA is being set up, what rights have t...

Myself and my husband are £40,000.00 in debt due to loans and visa cards, we are thinking of going for an IVA and we just wanted to know that if all creditors vote and most do not agree what happens then?