I pay 2376 a year into my IVA, we will have to go into a sixth year as we will be unable to remortgage due to my husbands age, would it be possible to pay a lump sum (2376)if we could get hold of it so we wouldn't have to go into a sixth year
Probably - in reality you would be offering a full and final settlement.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Some take a few weeks to a couple of months, some look at 6 months as the minimum (rather than the maximum it is intended to be) and a couple go into the years !!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
As soon as our IVA has finished we want to sell up and move abroad, do we have to wait for the completion certificate so we can do this ? up to 6 months and longer seems along time .
The completion certificate unlocks a lot of doors and makes life easier.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Susandg46
As soon as our IVA has finished we want to sell up and move abroad, do we have to wait for the completion certificate so we can do this ? up to 6 months and longer seems along time .
Until you get that certificate you are bound by the IVA. If you sell up the creditors might want the equity. Best to wait.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
