Dear Sir /Madame,
When my IVA was approved it was agreed to pay back £28,620 over a 5 year period- to date I have paid £10,930. I am reduntant and I decided to sell my flat, but I have checked the Chairman's Report and unfortunately PriceWaterHouse Coopers put forward a property modification that my equitable interest had to realised & paid to the supervisor before the completion of the IVA. What this means? Should I pay all the profit from my selling after I sacrifice all my life to work for it?
Mas39
Your best bet is to discuss this directly with your IP, who has detailed knowedge of your case. Personally it would be fair for you to offer some of the equity to creditors, but being able to retain sufficient for you to be able to relocate and tide yourself over until you find a new job.
