Can anyone answer this question for me. Started a five year IVA with six months extra to account for equity in house, theh had a reduction in payments so the IVA was extended to six years, does this mean we pay six and a half years or six years. We swapped companies as well as the old company were bought out(and the new paperwork doesn't seem to say the same as the old company regarding our dividend payment to creditors, should i query this - dont want to upset our new company who have been really good with us up to now.
thanks folks
48 payments done ? left but either way come end 2013 well be free of debt
I would query this as the new company are the best ones to advise you there.
They can tell you when you will finish.
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
Definitely raise any concerns with your new company. Better now than potentially getting a nasty surprise at the end. Besides, you have put your name to a legal document and need to fully understand every aspect of it.
