Posted: Sun Apr 14, 2013 9:50 am
Due to my marriage break up and ex losing his job, we could no longer pay into our iva. My mum and dad kindly offered to make a full and final offer, this was not for any where near the amount owing, but the iva company were quite positive due to our situation we had a good chance of it being approved. The meeting was last Monday. I was at work and had asked that i be e-mailed first with any news and i would then call back. I heard nothing till 5pm when i got an e-mail saying the f& f had been approved by the creditors and i just needed to send the payment and the case would be then sent to the closure team. Yesterday i got paper work through signed by the same person who had sent the e-mail. I couldnt believe it when i read the report it said the creditors had agreed to the variation but we had to continue to make voluntery contributions of £80 a month ( our income and exp showed we were minus £700)and the iva would be extended to 72 months !!and that this had been discussed with me , when in fact the only thing i had received was the mail saying all had been approved. I called straight away but being Saturday noone available. I have just spent a sleepless night worrying. My ex tried to kill himself when he lost his job , am so worried. I no noone can answer this post for me but just needed to get it all off my chest. No way can i pay the £80 , i have to borrow of family to pay mortgage as it is . Can i refuse this and say i cant pay it which they should know anyhow . Or is it now binding . Really confused as also the total amount showing as paid back was 15p in £ both before the proposed variation by the creditors and after , surely if i was to pay in £80 a month for another 2years the return would be more . It all makes no sense to me at all [:(!]