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Posted: Tue Dec 29, 2015 11:19 pm
by Kevin.79
Confused!! Our IVA commenced Jan 2012, 60 payments would take it to 5 years, completion should be Jan 2017 now being told that 2018 is our completion, so it's a bit of a kick to hear we have a further year to wait for completion. Can anyone help with clarifying this as I'm getting conflicting info from our Practioners
Posted: Wed Dec 30, 2015 6:34 am
by luluj
Do you have a equity release clause in the 5th year ? It maybe that if you do then they are anticipating an additional 12 months payments in lieu of equity being released.
Posted: Thu Dec 31, 2015 5:51 pm
by Michael Peoples
There may have been an extension to your IVA at the time of the meeting but you would have been told of this. Ask the IP to clarify in writing.