can my creditors demand that i sell my home ,and move into rented accomodation and are they allowed to specify the amount of rent i'm allowed to pay? my mortgage isnt part of my iva and i havent defaulted on any payments,can this be right and how if it is legal can it be enforced,i cant imagine bein...

An update on the situation. It was the best advice to get in contact with the IP to negotiate a full & final settlement, although it was hard to do this in case things didn't work out to conclude the IVA. My friend has now agreed to settle (with family support) by sending a cheque for the sum of £10...

I am inclined to agree with you on what my friend should now pay. i will discuss your response with my friend later and get back to you. she is very concerned though about the timing of it all as the account is due to be settled in full at the end of this month (or an extended agreement put in place...

Good luck with your case Kerri, and no disrespect to it, but back to my friends problem now...I have even more information (feels never ending) for you Melanie if you are still up for assisting on this..your help is GREATLY appreciated by the way.. Basically, my friend signed to agree the following:...

Hi again Melanie, I got an email from my friend: Sent in January 2007 Minimum dividend Calculation Step one Bank balance:- £2,852.80 (?) O/S Contributions £1,450 (?) Arrears to be paid £3,000 Outstanding Equity Sub Total £7,302.80 Step two Amounr required to achieve minimum dividendof 92p in £ £9,52...

Thanks again for all your help, I will go back again and try to get more information before I post a response tonight or tomorrow morning!

Thanks

Andrew

Hi Again Melanie - thank you so much for your help so far. I spoke to my friend, and this is more information regarding the initial debt, and the correspondence that they have received from their IP - hope it makes more sense to you than it does to us!! Original debt only totalled £8,311.58 over 5 d...

Obviously, my friend is concerned not only about making these payments for a further 4-5 years, but is also worried that she may face further fees at the end of THAT term..??! My friend has been seeking advice from the CAB regarding this, but obviously we would like any and all help we can get to un...

Hi Melanie, Thanks so much for responding so quickly! I must clear this up to avoid any further confusion; I was actually posting on behalf of a friend of mine who didn't want to be named or be mentioned. To be honest, they are finding talking about any of it very difficult!! :( Sorry for misleading...

Hi there, This is my first post am hoping that someone can help me.. I took out an IVA with a chartered accountant nearly 5 years ago (so nearly completed payments). At the beginning of the IVA, my total was just over £10,000 including their fees.. Now that I am nearing the end of my IVA agreement, ...