Hi Bob
According to our practitioner modifications were made back in 2009 to allow them to extend the IVA to obtain more money if equity is in the property.

I will do. Thank you for your time, I am sure you have enough of your own companies workload without all of us others asking questions!

Thank you Melanie. I am sure it is all down to the modifications. I am happy to send you a copy of the email, however I cannot locate the email address.

Thank you Melanie that's very kind of you. I have received an email from David which confirms that it's 24 months payments or offer a settlement figure (We offered £5,500) which from his email I think he stated as 24 months would equal to around £11,600 and for an offer to be taken seriously would n...

Thank you Urbanfox, that's kind of you.

You know what, I have no idea still, it sounds like modifications had been made to the IVA but I had no idea about it. I had planned my life for another 12 months not 24 and just don't think we can go through this anymore. I don't have the energy to fight anymore :( Thank you so much everyone for yo...

Thanks Martin, I wish I had never taken this route! Worst decision ever.

I have been advised my IVA is to be extended a further 2 years as I have equity in my property (more than 5k) I was under the impression it is a standard 12 months but this does not appear to be the case . Although most think 12 months is acceptable. We did not find this out until the month after ou...

Well that told me!

Ok, so if it's extended by another 2 years and at the end the house prices go up again, do I have to keep paying and paying for years on end?!

Thank you very much David, I am very grateful for your help.

Hi Karen

Anything is possible if you put your mind to it!
Good luck and fingers crossed for you.
x

Thanks Mike, I really hope you can assist!

Hi Karen My future plan is to pay the amount I am currently paying into my IVA back into my mortgage so that the future will be slightly more comfortable. I hope I do not end up borrowing money again, but I think this has taught me a hard lesson! I haven't thought about my credit score as I don't ev...

Thanks Baldy! I sent off the paperwork by registered post tonight. There are about 5/6 paragraphs which all state a term for extension of 12 months. To be honest our case owner is never very straight forward with their answers to questions... I am more than happy to pay another year, I totally accep...