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Posted: Tue Mar 20, 2012 8:25 pm
by jim.m
Can i ask for my IVA to be extended
Posted: Tue Mar 20, 2012 8:27 pm
by Broke of London
IVAs can be extended. Do you have a particular reason for wanting to extend? x
Posted: Tue Mar 20, 2012 8:30 pm
by Shining
I would talk to your IP in the first instance. x
Posted: Wed Mar 21, 2012 10:24 am
by Tina Shortland
Hi Jim - yes you can but there needs to be a good reason for the original terms to be varied. If it is a short term extension due to needing a peyment break then your IP can approve that however if it is an overall extension due to needing to reduce the payments by more than 15% your IP will need to formally propose this to creditors. Have a chat with your IP and I am sure you will work something out.
Let us know how you get on.