Andy is 7 years quite normal from you may have seen from others?

Having just searched the Individual Insolvency Register It appears My status is still current "Individual Voluntary Arrangements will remain visible while they are Current, and for a period of 3 months after the receipt of notice of the revocation order, full implementation or termination of the agr...

Hi all, I took out my IVA 7 years ago. It was paid in full after the 5th year. I was told I would still not get a completion certificate until the original expiery date of the IVA which would be another year (6th year) Now at the end of the 7th year (1 year after the completion date) and 2 years aft...

Hi, I have been in an IVA for 6 years (extended by a year) which finished in July 2012 though have still not had my completion certificate. There is no reference on my credit report thatI have ever had an IVA. Lucky me, or should I declaire to experian that there should be? The main question though,...

Hi David, Well I spoke to my IP Blair Endersby and I got through to someone in Property who was amazingly helpfull :-) Any shortfall will be included in the IVA they may have to do a variation like what was suggestered and the term may have to be increased. WOW I feel so much better. I think my mist...

Hmm, OK I will have to ring my IP again tomorrow. and get confirmation.

Strange why both my IP and the Halifax say it would not be covered though.

But thanks for your advise

Just to help if it makes things clearer. The mortgage was only 54k Value of property is 80K (not in a very desirable area) Equity = 26k I left and had 35k of debt. Started IVA and my share of the 26k equity (13k)was to be used towards the IVA in the fourth year. after 3 years i suddenly find the ex ...

MelanieGiles wrote:

I disagree. The mortgage debt was a debt that existed at the time the IVA was entered into and is therefore bound.

Sorry, I am confused now,

Their was no mortgage debt at the time i took out the IVA

Hi Andy, I left my partner - (now divorced) I told her she can have the house and we will split the equity when and should she ever sell it. I took resposibility of the credit debt of 35k which i entered into the IVA When i took out the IVA my IP knew about the property and 13k of equity was going t...

I had a call from the mortgage company couple of weeks ago asking if i agree to the vaulentry repossesion. ???? I thought the property was handed over to my ex partner and the court order was for her to surrender my share of the equity for the IVA. I did not know I was still on the mortgage i told t...

At the time when I took out the IVA she was not with me. We have been living together for the past 2 years when my partner fell pregnant. I do account for us both along with baby on my expenditure forms. My partner currently does not work so has no income to contribute. But would I need to tell the ...

Hi all, I am 2 & half years into my IVA I am getting married in a few months. Will my IVA affect my wife to be in any way? She has no income and works for free as a full time mother to our beautiful 18month daughter. But any money she was to earn, could she be asked to contribute to my IVA? or could...

Thanks again Melanie I have contacted BE who I have my IVA with, They said agreed that any shortfall from the repossession would have to be included in the IVA. They also said I may have to contribute more towards the IVA and that the IVA may also be extended. I forgot to ask though, How long could ...

Thanks very much for the sound advice Melanie

Can you explain more about what you mean by this claim would form part of your IVA and be bound. !! Sorry I dont understand.

MelanieGiles wrote:

If the house is eventually sold at a shortfall, this claim would form part of your IVA and be bound.

Hi all, If this post goed on a bit I appologise, I just dont know where to start. I split from my former wife 3 years ago and started an IVA agreement. the divorce is now complete and I am enjoying my new life. As psrt of the IVA it was agreed that 13k of equity would be released from the property i...