Thanks very much for your reply that is very helpful. I will pass the additional advice onto my ex partner.

Hello all, Me and my partner both has IVA's accepted in March 2006. Mine was a lump sum IVA £11800 and my partner's was to pay a lump sum of £11800 plus £100 a month over 5 years. The two lump sums where obtained through equity release. Unfortunately me and partner have now split due her reluctance ...

Thanks very much for your help Melanie.

Will send the letter today and let you know the outcome.

Hi Mel,

Thanks for replying so quickly. The IP will not give us a settlement figure for some reason. They have told us to put down what we propose in writing. Do you think that they would accept £4700.00 considering that the IP assistant stated that £6000.00 would be acceptable?

Been a while I know but thought I would update you all with what has happened. My IVA is now completed, so good news about that. My partner's £100 a month IVA is still in place but interestingly there is no Equity release clause in place according to what the IP told me on the phone. My partner has ...

Thanks for all your advice. I'll let you know when it is all sorted out.

Thanks for replying so quickly Melanie,

I'll get in contact with my IP to ensure that they are regularly contacting the outstanding claimants.

Hello all, What a wonderful website this is. I wish I would have discovered this before I went into my IVA as the advice given on here is excellent. Is there any way we could encourage IVA companies to recommend this website to potential IVA customer's? I was just wondering if anybody could give me ...

Just read your post Andy. I am not sure that I have explained myself very well. We have £11800 in the bank which my partner should have introduced at the start of the IVA but is not doing so at the moment due to the creditor problems mentionned above. On top of this she has to pay the £100 a month f...

Thanks for all your help and advice. I will contact the IP on Tuesday and let you know what happens.

Thanks for your time and advice.

Can you tell me if an Equity release clause applies if you are subject to a lump sum IVA?

Hello Hara and Melanie, Thanks very much for your comments and reply. Hara, in reply to your question the company we are using is Clearstart. The expression "IVA factory" appears to apply to this company, although to be fair my IVA has run very smoothly it is just my partner's that we appear to be h...

Hi Melanie, Thanks for your reply. The exact wording of the equity release clause which was sent with my chairman's report which does not apply to me as I am in a lump sum IVA is as follows: "In the 4th year of the arrangement an open market valuation of the property must be provided to the supervis...

Hello all, I would first of like say how excellent this website and wish I would have known about before going for my IVA. A little while I posted on this website to get a bit of advice because my partner could not cope with the realisation of life under an IVA i.e cutting cloth accordingly. I am pl...

Sorry Melanie I misunderstood the question. You are correct it is to run over 12 month period.