IVA ENDING

[AJOFMK]

I have a couple of questions and would welcome any advice.
1. I am 2 months away from completing my IVA and have 3 payments missed due to unemployment. Our practioner failed to make a variation with our creditors so is now chasing for these missed payments. Their advertisement states 60 payments based on what you can afford. These payments were missed in 2005 and only now they are chasing. Am I right to question this as i paid what I could afford and they were notified at the time?
2. I have also been advised that I need to re mortgage my house as per a clause in the contract to pay back the remainder of the debt. We were aware of this clause and tried to re mortgage in year 4. Because we are in a shared ownership property we were unable to release our equity due the lending restrictions and for this reason have not tried since. Have these restrictions been lifted as I now face after 60 months having to consider this when I thought we only had 2 months left.

[kallis3]

I think you need to speak to your IP about this.

With my IVA I am allowed to go three months in arrears, but it is added on at the end and I was told about this at the time of my creditors meeting.

The release of equity also seems to be a standard clause in most IVA's. We have to have the house revalued in month 54 and if we cannot get a remortgage our IVA will continue for a further twelve months.

Have you checked your chairmans report to see exactly what it said?