Posted: Tue May 22, 2012 4:28 pm
Hi all,this is just a post for information and a little hope for anyone in a similar situation.My wife and I are deep into the final year of our IVA,we owed 69000,with a clause to re-mortgage in the final year to reiease a minimum of 53000,and another that anything less than 75p in the pound,shall be deemed a default.After valuations we have over 80000 in equity,but of course no one would lend to us at all. We believed that our creditors might push for a forced sale,and as we have an autistic son we were very very worried! Well I can now report that our variation has been accepted,with a 12 month extension of payments, our home is removed from the arrangement,and the 75p clause has also gone. Grant Thornton has received (rightly or wrongly,i can't say)a lot of negative comments on here, I can only praise them for their diligence and professionalism, in both our dealings with and result of our arrangement. Good luck to everyone,keep the faith, Yours a very relieved Kevin.
