we've had our iva for 15 months now, when i spoke to the case handler he didnt seem to think that there would be a problem with the fact that 12 creditors had not forwarded an agreed claim as the iva allows for a 10% dividend which is held on their behalf? think thats what he meant ! Also, he said t...

HI, that's not good news is it ?

what approach should I take with my IP to progress this ?

Thanks

Is this likely to slow down or cause problems as I look towards achieving a F&F settlement ?

I understand.... difficult not to see them as penalties however... :( on a different note on our first anual report there is a slightly worrying section which reads... Creditor Claims As can be seen from the scedule of claims attatched in apendix 1 provisional claims so far recieved total £22452 com...

Hi Melanie, just quoting here from my IVA proposal "In the event that I successfully bring my volutary arrangement to an early conclusion the supervisor will be entitled to to charge a fee of £775 plus vat to cover costs of closure should there be 24 months or more of the original term remaining" .....

Hi Andy,

looking at my IVA T&C's there looks to be penalties for early settlemnt rather than any reduction in IP fees. Is this usual ?

Hi Guys, I've become much more aware of our IVA terms and conditions over the last 48 hours mainly as a result of this forum..... thankyou all so very much for that. I have 4 friends & family members who have agreed to consider helping me make a F & F offer.... but understandably they need some guid...

Hi Guys, Obviously taking on any further borrowing while in an IVA is in breech of your IVA however, looking at what I pay for my IVA each month and the potential settlement figure, it would appear that a loan to clear off the IVA wouldn't be much more per month (if any) than the IVA payment. Do peo...

Hi on the basis of only getting a 90% mortgage i'd really struggle to get anywhere close to £21k added onto my mortgage.... as far as relatives go i'm not sure just now how that's going to pan out I take it unsecured loans are both virtually impossible to obtain and outside of the terms of an IVA (e...

Thanks guys for the quick replies and advice...

I'm not sure how much (if any) equity we have in our home, but i've just read through our IVA agreement and it's definately not part of our IVA.

I take it then that it's going to be hard to get anything like a 100% mortgage while in an IVA ?

Hi First Time Post, we've just found the forum, we didn't know there was any such forum on the net and we've previously felt really alone and niave about our IVA We're just 15 months into an IVA with our house as an excluded asset, there isn't a lot of equity in it anyway from previous consolidation...