s_b - why would you say to think very carefully about it? Did you have a bad experience? Hi Kazzafunk, If I had to do this again (God Forbid) Knowing what I do now, I'd go Bankrupt! 5 Years of struggling with the payments nearly pushed me over the edge! Failed Marriage, Lost the Home, Serious Heart...

Today I finally received my Certificate of Completion from my IP, it's 6 months late but it's finally finished! To all of you still in an IVA, KEEP GOING! To all of you thinking about an IVA, think VERY VERY Carefully, before you commit to it! To all the Experts on this Website, a heartfelt THANK YO...

It's all been a bit Topsy Turvy this year, but today I finally made my LAST payment to my IVA! Only now to wait for the Final Dividend and Report in the next few weeks, then it's "Free at Last"

I too was informed that the 2 Year Extension was to allow for the realisation of assets!! etc etc! But have now been told my payments will end in August 2010.

Would you happen to be with an IVA Company called Tenon by any chance? Because the very same extension was recently applied to me!!!

Hi Melanie, I respect your guidance and advice so I will write a letter directly to my IP, thereby bypassing the minnions and hopefully get a better explanation! This does not make sense - are they seriously saying that they don't close cases for 2 years in order to give creditors the opportunity to...

Hello again, I finally got hold of my IP today and they explained that the extension letter was a "standard" procedure for them to allow creditors to claim from from my IVA Account. Thankfully, they assured me that it didn't mean I'd have to continue payments after the 5 years are up at the end of O...

God I hope so Melanie!! Otherwise the last 4 years have been a complete waste of time and sacrifice!! I'll probably get a response from them on Monday and will let you know! Thanks anyway x What a lot of nonsense. I suspect that this is a data processing error - but one which should not have occured.

Hi Helen The letter states that the 2 year extension is required to "allow time for the realisation of assets?" But I don't have any assets!!! My house was sold years ago and 80% of my equity went towards the IVA!!! As have 50% of all my bouses and I have never missed a monthly repayment for 4+ year...

Thanks everyone I'll try to contact my IP Tomorrow and let you all know how it goes!

MelanieGiles wrote:

They have left it a little late to pass on this sort of news. Make an urgent call to their offices to find out exactly what is going on.

I'm in the last year of my IVA with 9 months to go! I've just received a letter from my IP stating their extending my IVA by 2 years!!!? And I can't understand WHY?

Hi I'm 3 years into my IVA and for the last 18 months I've incurred excessive maintenance costs for my battered old car which became a liability. I didn't believe I could obtain any sort of finance for a replacement car and in truth I couldn't! However, I managed to get approval from my Supervisor t...

Hey I'm with you guys, I thought I was totally on my own until I found this site! Hope we all ge there eventually....Take Care

Now this is an intriging topic, according to the conditions of my IVA, I'm not allowed to apply for credit! Does that include a "Prepaid" one?

Thank you both Melanie & Andy. Totally surprised at your rapid response! I'll be in touch as my IVA issues develope. Once again Thanks.