www.iva.co.uk

Hi i have a 6 year iva took out in 2008. Within the equity part it states about the 85% LTV bit, and then states that if the equity is £5000 (GROSS)or less then it is disregarded.I have recently signed the 2014 protocol and this has been agreed by the creditors. The New protocol states £5000 (NET)or less.Am i now covered by the new modification/protocol which states NET.

You need to check this with your own IP and if so you should ask why this was not explained to you when you agreed to the changes.