August was the start of my 5 th year IVA. Unfortunately due to ill health I had to reduce my hours to keep myself at work in Year 3 which my Creditors accepted my offer of £105 per month and a 15 month extension.My IVA ends November 2015..do you think I will have to have another extension as I only prob have about 5percent equity in my home....if that ?
Regards,
Providing you have the de minimis clause you may get away without an extension. The trigger with that particular clause is £5,000 --- it is not based upon percentages.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
