What else happens in month 54 beside the equity clause ?

[shazj1007]

Me again!
I understand the equity clause in month 54 but what else happens?
Is there some sort of meeting to see what exactly has been paid into the iva or does everything depend on releasing equity.
Reading through our last annual report in December 2014 it appears everything is upto date, additional monies have been paid in and our dividend has gone up slightly from 35p in the pound to a estimated 43p in the pound.....thanks

[Foggy]

At month 54 only the equity is investigated and the options going forward in that respect decided ( equity release, nothing to release or an extension).