Confused!! getting conflicting info from practitioners. Can anyone help with clarifying issue ?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
Post Reply
 
 

Kevin.79

User avatar
Posts: 6
Joined: Tue Feb 04, 2014 10:41 pm
Post by Kevin.79 » Tue Dec 29, 2015 11:19 pm
Quote
Confused!! Our IVA commenced Jan 2012, 60 payments would take it to 5 years, completion should be Jan 2017 now being told that 2018 is our completion, so it's a bit of a kick to hear we have a further year to wait for completion. Can anyone help with clarifying this as I'm getting conflicting info from our Practioners
Top
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Wed Dec 30, 2015 6:34 am
Quote
Do you have a equity release clause in the 5th year ? It maybe that if you do then they are anticipating an additional 12 months payments in lieu of equity being released.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:
Post by Michael Peoples » Thu Dec 31, 2015 5:51 pm
Quote
There may have been an extension to your IVA at the time of the meeting but you would have been told of this. Ask the IP to clarify in writing.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
Top
Post Reply
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”