Hi, I have just finished paying off an IVA with an ex partner. Last payment was in Jan of this year. It ran for a total of 6 years but now the euity in the house is under review with a company called Select and then it will apparently go to a meeting of our creditors to decide what happens next. Is this normal? Is it likely to be extended even further?
Normally, from what I have read on here, it states that if there is no equity or unable to remortgage then you just continue with another years IVA contribution.
From what I read, it seems you have already done that.
Maybe one of the experts should have an answer, they'll reply soon.
If the property is in negative equity, what on earth do this company think they are going to do to assist you! Why doesn't someone review these cases before referring them to an external specialist - presumably without your permission?
