Thanks Lesley. I t has been a long hard slog. Life changing without doubt.

Thanks Very much, both of you, your advice is much appreciated

I was wondering what happens now. I haven't heard anything from them. I made the last payment 10 days ago. I have so many questions.

Thanks Melanie. Dont really know. It's a saving of £264 a month, it was £528 for the first 5 years but my wifes half wasn't extended. Will mainly just be a relief to have a few extra quid each month

Hi everyone, I started this thread about 18 months ago when i had my IVA extended. Well at long last, after 7 years in total, I have now made my final payment!

Feels really good but now the future seems a bit scary

Hi everyone , some time ago I was on here asking for advice about the equity relese clause in my IVA. Here: http://www.iva.co.uk/forum/topic.asp?whichpage=3.5&TOPIC_ID=11104#85511 Well the upshot of all that was that I had the clause sucessfully removed from the IVA in return for extending my IVA by...

Thanks Melanie, If a meeting has to be held because the equity cant be released, what options are open to the creditors and to me? Can they extend the iva or would i be free to end it after 5 years

Ian, I've got no gripe with the wording of the clause ,just that it should have been done in the 4th year and not now near the end of the 5th. One could draw the conclusion that the IP deliberately ignored the clause in the 4th year instead of ensuring it was invoked to allow more money to be made f...

Thanks agin. I just realised I never did post the wording of the clause. So here it is: In the 4th year of the arrangement an open market valuation of the property must be provided to the supervisor together with a mortgage redemption figure. The debtor must obtain a minimum of 2 offers of remortgag...

Thanks Ian, I apppreciate you taking the time to expalin. I understand fully that is is not appropriate for ytou to comment on debtmatters. My basic hope now now is to propose to my creditors through payplan that I release equity from my house based upon the value as in August 2006(the beginning of ...

Hello Ray, what do you mean you have paid out 320 pounds, for what?

Thanks Melanie. I hope I haven’t come across as a cynical opportunist. I couldn't bare that. It maybe hard to believe but if I honestly believed that I had no moral case, I wouldn't pursue this at all. If I couldn't win the moral arguement I wouldn't attempt to win the legal or technical one Goodnes...

So i could have had 14 days to consider the modifications, not the two i was given? I would like to reiterate I appreciate your honesty , even when it isn't what I want to hear. I need a check to keep me on track. I have now formally complained to debtmatters via payplan solutions who have actually ...

Wow that was really quick!!!! I've deleted the question now as i realised I was repeating myself. Thanks anyway

I'm not sure if it was legally challenged that being requested to sign something would nessecarily be considered the same has offering clear and concise information. And it seems to me that it is considered accepttable within the industry to do the bare minimum required.