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Posted: Sat Feb 27, 2010 5:26 pm
by Cath
I know that the IVA will drop off the register and credit files after 6 years. Is that the same for a 72 month IVA which could potentially be an 84 monther?
Posted: Sat Feb 27, 2010 6:09 pm
by kallis3
The IVA will drop off after six years regardless of whether it is a 6 year one or not.
I doubt an IVA would continue for 84 months.
Posted: Sat Feb 27, 2010 6:24 pm
by Cath
I think mine could if I can't release any equity in year 6!
Posted: Sat Feb 27, 2010 6:41 pm
by rhondda2
Is there a time limit for which an IVA cannot for any reason be extended ,just wondering
Posted: Sat Feb 27, 2010 6:49 pm
by MelanieGiles
I used to have a 17 year duration IVA in my portfolio! No IVA can be extended past the term it was intended to run over, without the sanction of both debtor and creditors.