Hi I need to sell our home and relocate for work purposes, I am 12 months into my IVA . My question is can the creditors ask for more than the original debt owed which was around 60k as I need to try and review what I can afford to purchase once I have paid off my mortgagee and settled my IVA any assistance would be grateful.
If you have the 8% interest clause (some have it excluded) many have successfully petitioned creditors to have this liability removed, so worth asking your IP if he will put forward a variation if need be.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014