It depends on your paperwork - give it a check but it is possible.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If the plus 1 is an extension because you could not release equity then the IVA should cease unless there are arrears for example. If the extra year was proposed by NRAM then the IVA could be extended to address equity.
It is possible but check your paperwork to see what it says.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If it was originally accepted as a 6 year IVA ( often the case if NRAM is a creditor or if there is a low dividend), yes, it could be extended into a 7 year for equity purposes.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
