Just bear in mind that if you die before the IVA ends your share of equity in the property and other assets will likely vest in trust for the IVA costs, interest and creditors so there may not be enough to cover repayment to her. Okay, thanks for that. Anyway, should it all go through smoothly (or ...

Are you sure you have sufficient equity for the years extension to apply? Bottom this out first before putting forward any offer as you may be offering too much. Your partner needs to be certain about this as it will be legally classed as a gift so they cannot formally pursue you for repayment. If ...

Hi. I thank you in advance for any replies to my questions. After my IVA payment in May, I will have 30 payments remaining, that will include the added equity year. This totals 15K, give or take a minimal amount. My partner has offered to take out a personal loan and gift it to me to make a full and...

Many thanks for all the replies. I have another question if you could help, please? I took out my IVA in the autumn of 2014. I've looked at the T&C paperwork and regarding the equity clause, it only says I must try to remortgage to raise further funds. During my initial phonecalls with my provider I...

Hi. A F&F offer can be made under any circumstances. It should be based on the months remaining, plus 12 in your case, multilpied by the monthly amount. Generally this amount can be reduced slightly if you are knocking off a fair amount of time, saving them administration costs, or, as you mentione...

<t>Can absolutely anyone make a full and final offer to their IVA? I'm thinking of doing it when I have around 20 months left (that would include the equity clause year) as I'd rather not go through the equity clause as it could trigger and I'm fearful of this. My partner and I would also like to mo...