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Posted: Sat May 18, 2013 4:08 pm
by Marie.mt
Hello again. I posted recently about being asked to ask for a variation. I have today received a letter advising that on my request they will call a creditors meeting and if my creditors do not agree then my iva will fail and they will declare me bankrupt. They haven't actually said if my mortgage company have made a claim into my iva and they asked me to request a variation. I do not know what to do 1 week away from my final payment and now a sleepless weekend until I can speak to someone. Background on this my house was handed back to Halifax jan 2012 and sold with a negative of 75000. This was a joint mortgage and only myself in iva. Can any one help as I seem to be going around in circles!!
Posted: Sat May 18, 2013 4:41 pm
by fedup and broke
They have also asked if I am sure I want to go ahead with the variation. I am only doing this on their request
Posted: Sat May 18, 2013 8:42 pm
by luluj
Really sorry i cannot answer this but will bump it back to the top hoping one of the experts his about soon
Posted: Sun May 19, 2013 9:21 am
by fedup and broke
Thsnk you x
Posted: Mon May 20, 2013 1:06 am
by MelanieGiles
I am guessing that the variation is to enable the dividend to be readjusted pending the receipt of the shortfall claim? It is likely that your IP will need to extend the term of the IVA, if that liability has not yet crystallised.
Posted: Wed May 22, 2013 8:32 pm
by fedup and broke
Thanks Melanie. I've have spoken to them and they have explained in more details hopefully creators will vote for an extension.
Posted: Thu May 23, 2013 12:22 am
by MelanieGiles
Glad that you managed to get things sorted