www.iva.co.uk

Hi,Our IVA is due to finish on 24th December this year.We have paid all payments on time,no holiday payments and all info supplied on time.However on 7th June hubby lost his job and on 10th June he was told he needs a knee replacement and the doctor has signed him off work until after the operation abd because he also has a diabetic ulcer on the same leg,when who knows he sees the knee surgeon on 2nd July and I'm guessing its going to be at leat 4-6 weeks wait and then 6 months before he can start looking for work.By this time he will be 62.....
we are paying this months GBP954 but then on the 71 a week sick pay its obvoulsy a nono.What would you advise to offer as a final payment if we can borrow from our brother in law.Just so we don't have these last 6 months hanging over us as well as hubby going in to hospital
any advise would be appreciated.

Not sure about this one although my sympathies go out to you as a long stint on sick pay for my hubby is what forced us towards the IVA route! So I'll bump this up for you as sure someone who knows far more than me will be along soon to give you some info

Hi ele and welcome to the forum

I am sorry you are having such a difficult time and hope your husband gets well soon.

Have a chat to your IP and explain your circumstances as they may be able to call a creditors meeting to ask them to accept the payments you have made to date in final settlement, it is worth asking them the question.

Hi we had a similar situation and we had our payments accepted to date. Only had a few months left, but also had expected commission and equity release due. Our variation accepted what was paid to date without the additional being due. We also received our completion statement within 4 weeks.
I hope your IP is as prompt and as helpful as ours.

Kirsty

I am sure creditors will be sympathetic to a full and final based on payments to date so ring your IP.