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Posted: Tue Jan 27, 2009 12:16 pm
by orange
on the last 18 months of iva.been hard.does the panel think weve any chance of the iva ending in 18 monthe due the present climate
Posted: Tue Jan 27, 2009 1:05 pm
by kallis3
Not quite sure I totally understand the question, but if you only have 18 months to go, then that is when your IVA should finish unless you have any arrears to catch up on, or if you have to remortgage and can't do so and your IVA goes on for another 12 months.
Posted: Tue Jan 27, 2009 1:54 pm
by Adam Davies
Hi
If your IVA was set for five years and as Kallis states you are not in arrears then yes your IVA will finish in eighteen months and you will be debt free
Regards
Posted: Tue Jan 27, 2009 8:34 pm
by orange
ww have a equity clause ,what if house prices continue to drop...can they make us continue for another year
Posted: Tue Jan 27, 2009 8:41 pm
by Skippy
You would need to check the terms of your IVA, and if you're not sure check with your IP.
Posted: Tue Jan 27, 2009 10:20 pm
by kallis3
Check your proposal, it should say on there whether or not your IVA will conclude or whether it will carry on, if you are not sure, then Skippy is right, contact your IP.
Posted: Tue Feb 03, 2009 12:02 pm
by orange
our ip isnt exactly very nice to us and each time we have a review we have to jump through hoops to get an ok,they seam to be after every penny we have
Posted: Tue Feb 03, 2009 12:07 pm
by MelanieGiles
There is no need for them to be like that - IPs ought to be helping their clients to make ongoing affordable repayments in the best interests of creditors.
Posted: Tue Feb 03, 2009 12:09 pm
by orange
can they take working tax credit off us,and can we change to you please melaine ? your much more human
Posted: Tue Feb 03, 2009 12:13 pm
by David Mond
They can only request from you that much of your disposable income you have left after all income including working tax credits but deducting all your outgoings which cannot exceed the CCCS guidelines.
Unfortunately you are stuck with your current IP.
Posted: Tue Feb 03, 2009 12:15 pm
by orange
thats not fair we get that money for our child to go to nursery without which i wont be able to work ?
Posted: Tue Feb 03, 2009 12:17 pm
by orange
can we complain if we think they are been unfair.
Posted: Tue Feb 03, 2009 12:22 pm
by orange
we didnt realise we were suposed to tell them about working tax it bearley covers nursery
Posted: Tue Feb 03, 2009 12:25 pm
by kallis3
You should tell them about all income.
Have you actually been speaking to your IP, or just one of the office workers?
Posted: Tue Feb 03, 2009 12:29 pm
by orange
not sure....oh well they will be finding our re working tax...lets see what happens