www.iva.co.uk

Hi everyone

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

Hi,

I would query this as the new company are the best ones to advise you there.

They can tell you when you will finish.

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.

Hi - what company are you with?

It would depend if the extension was inclusive/exclisove of the 6 months equity...as the others have said, your IP will be able to confirm this.

Don't worry about upsetting the company, they represent you and it's vital you understand and agree the agreement.

Keep us updated xx