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
Hi - check your proposals. They probably had the standard clause that if you have equitable interest over £5k then the one year extension will apply to you.
IF you manage to repay 100% of the debt PLUS statutory interest PLUS all the costs in full then the IVA would end early. If not you have to carry on paying for another year I'm afraid (unless you can prove that your equitable interest is less than the assumed standard £5k.