www.iva.co.uk

When I took out my IVA in 2007 I had shares from my employer that can be sold in chunks each year to pay to creditors. The value of them a the time was included in my IVA dividend.

Due to the credit crunch these have fallen by over 80% in value. There was nothing I could do about this as I could not sell them.

My question is what happes about this loss in value? Can my IP insist I pay back the original value (i.e. extend the IVA).

I'm really worried about this - it's bad enough having to pay my monthly payment for another 3 years.

Don't really want to raise it with my IP!

I have no idea! As you still have a while to go on your IVA, hopefully the value will pick up again before you are due to finish.

One of the professionals will be along with advice shortly.

It is a little similar in effect to house price falls over the last year or two and whilst unusual it is no means unique. The only thing you can do is to discuss it directly with your provider and get their take on the matter.

Regards.

Thanks size5.

Difference to house price falls is that you can sell a house (albiet at a loss) - I cannot sell the shares for at least 3 years by law.

Don't know if that makes a difference.

If you can't sell them yet then you may be worrying unnecessarily, but a call to your IP just to put your mind at rest looks best here.

Regards.

Why the reluctance to raise this with your IP. It cannot hurt to ask and you are paying them a decent amount.
I have spent the morning pinging emails back and forth to my supervisor and he has replied to all my questions(6 mothly review of my scottish trust deed).

Thanks for all the replies.

I'll raise it in my annual review due in a few weeks. Just really worried they will try and extend the IVA for something totally out of my control.

shares???? Do you work for a bad bank taking public money while you down exotic wine and gamble away peoples money. If so, I have no sympathies

eh ?
i wouldnt have thought so.