Thanks for the responses, i thought this might be the case. As it is a joint IVA, I have had a look at both and one does seem to state that the arrangement "should not exceed 72 months", which conflict with what they are telling me as they are saying that it is 72 months and 12 months equity release...

Hi all, I am in need of some advice. I enetered an IVA in 2007 and was informed that it would run for 5 years. all creditors reports and letters confirmed this and I was even sent a letter stating that my last payment date was Dec 2012. The IVA company have now contacted me and informed me that they...

Hi all, Just a quick update... I have spoken to my IVA company and they have comfirmed that it is 85% LTV so hopefully I will be finishing my IVA this year which is a huge relief. Thank you all so much for your posts and putting my mind at rest, I would have probably been stressing about this until ...

Thanks for all the responses. To be honest Melanie, I wasn't fully aware of this term in the proposal at first, it wasn't until I had an updated T&C's that I noticed this, but when I spoke to my IP's customer service last year they informed me that if I have more than 5k equity in my property, I wil...

Hi all, I am looking for some advice. I am in my 54th month of an IVA and need to provide my IP with my house valuation and settlement figures. I have decided to go with a private surveyor (Estate agents were not an option as I am terrible at lying) and he has given me a valuation of 90k. My settlem...

Thanks for your response Andy, I thought that would be the case

Hiya All, I am after some advise about my IVA. We have just completed our first year in an IVA and i have just received the report from the yearly review. It turns out that, even after a year, not all our creditors have claimed their share of the monies owed and they have been given till the end of ...

Hi all,
quick update, GT has informed me that it was an error and aparently, i was not the only one that received these letters.

All that stress and worry over nothing, and on a lovely sunny weekend as well!

Thank you for all your advice and support! xx

Mercers threatened me with debt collectors too and this was 6 months into my IVA being accepted!

They are quite ruthless and rude but eventually they get the message and give up, trust me.

Keep strong and keep ringing them with any developements, they dont seem to like that!! x

We havent informed them as yet (only just happened) as the sale of the 2 cars paid for the one and it was only £5000 and we are still paying the same for petrol and insurance, if we wouldnt have sold them and bought the one, we would have probably by now been paying double the amount we were allowed...

Thanks both, the letter looks like a standard letter they send out, it's not even addressed to us it just says Dear Client and the envelope is just addressed to my partner but we are in a joint IVA?? The only thing i can think of is that we have recently changed our car (going form 2 cars to 1) but ...

We have been in the IVA just under a year (sept08) and we have never missed a payment so im not sure what they are referring to?

I am in real need of some advise. I have just received a letter from my IVA company, Grant Thorntons, saying that we are in default of our IVA due to arrears/assetts pledged? Firstly, the letter come on a Saturday, when they are closed and you cant speak to anyone (Typical)and secondly, the letter i...

Thanks for your help Ang, i am now concerned that GT will not allow me to stop the process with them

Thanks for that advice Melanie, it is what i have been worrying about all along but have tried to put it to the back of my mind, telling myself that they are the professionals.

Would it be possible to call the number on your website for a second opinion?