This is my short version! Are IVA practititoners allowed to extend the period by six months. We were supposed to add £160 of a car loan to our £200 a month when that finished but struggled so term extended. DLA for our mildly asd little boy and carers taken into account in our figures but our situation has not got better, worse really. All bills etc paid but we run out of money nearly every week and have to borrow off family. Is £200 a month the minimum? We have been going for over three and a half years now so doing well, but with another six months added on to that so will finish in August 2011.
It may be worth viewing this topic which covers extensions to arrangements that do not require the sanction of the creditors, but of which they need to be aware
Thanks, I think they had a creditors meeting and they agreed to the extension rather than taking the extra £160 a month. We know really that even with the extension we only have less than two years so we may as well just see it through. Just sometimes when we have a bad month moneywise, we start to wonder....
At least you can see the light at the end of the tunnel now!
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
Much better than me - not two years in yet and the prospect of an extra year as well!
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
