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by Donski33
Wed Oct 19, 2016 11:15 am
Forum: Ask IVA Forum and Industry experts
Topic: How can 'failing the IVA' be an option in report to creditors after paying for nearly 5 years ?
Replies: 10
Views: 2518

Thank you for the advice I have phoned them this morning and stated all concerns -she asked me to put it in an email and she will pass it on to the supervisor- I'll keep you updated with their response
by Donski33
Wed Oct 19, 2016 9:29 am
Forum: Ask IVA Forum and Industry experts
Topic: How can 'failing the IVA' be an option in report to creditors after paying for nearly 5 years ?
Replies: 10
Views: 2518

I think my IVA is a standard one because in my documents it states that if i cannot remortgage it wont be viewed as a failure to comply with the terms and the supervisor will have the discretion to consider accepting alternative proposals inc. a third party sum (is this borrowing from family?) a max...
by Donski33
Tue Oct 18, 2016 10:08 pm
Forum: Ask IVA Forum and Industry experts
Topic: How can 'failing the IVA' be an option in report to creditors after paying for nearly 5 years ?
Replies: 10
Views: 2518

I have received a copy of report to creditors- my Iva is at month 60 in march 2017 The report asks the creditors to vote on the following 1 to offer a further 12 months payments 2 to extend the arrangement by 6 months to allow me to further investigate equity release (I have already tried for that a...
by Donski33
Tue Aug 23, 2016 11:26 am
Forum: Ask IVA Forum and Industry experts
Topic: IP is saying they will write to my creditors unless I reconsider taking on a loan in lieu of equity
Replies: 9
Views: 2652

Thank you for all the advise, I am right now in the middle of an email to IP telling them that i am happy for them to write the letter. I have asked them to ask for the 12 month extension on the payments.i have asked them to advise the creditors that i have explored all avenues set out in the IVA Pr...
by Donski33
Mon Aug 22, 2016 10:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: IP is saying they will write to my creditors unless I reconsider taking on a loan in lieu of equity
Replies: 9
Views: 2652

It does mention 3rd party! Is it best to go along with there broker because it also mentioned that if repayments are more than 50% of my monthly payments it is invalid. I don't think I will get a remortgage for £17000 for less than £109 per month over 15 years (or can they make you pay longer than y...
by Donski33
Mon Aug 22, 2016 9:20 pm
Forum: Ask IVA Forum and Industry experts
Topic: IP is saying they will write to my creditors unless I reconsider taking on a loan in lieu of equity
Replies: 9
Views: 2652

I am in month 53 of my iva and ip is telling me I've £17000 equity - I tried to get a remortgage by 3 different lender who all declined! Now ip saying they have specialist broker who may lend! Initially I said no but now they are saying they will write to my creditors unless I reconsider! Has anyon...
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