I am in my final year of my IVA(6 years to date).
My case officer is trying to have the equity clause removed as my last review showed a deficit.
It seems to be taking a long time to process to the creditors meeting and little update given.
Could they still bankrupt me after paying all this time?
I feel I am taking a huge risk letting Payplan do this- new case officer trying to do good but will it be a good result? Who knows? What a gamble?
Just my home for my family?
Would appreciate your comments please.
If there is little or no equity in the property the creditors will have no incentive, or reason, to bankrupt you. It will cost them money and they will get no return. As for time scales, the creditors have to be given 28 days notice of any variation meeting, and most variations take a few months.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
