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Posted: Sun Jul 22, 2007 7:34 pm
by andy_m
We have been in an IVA for 12mths we had outstanding debts of £90,000 and are currently paying 29p per £ as part of our agreement there was no equity release clause after 4 years at the end of our 4yrs can they insist that a modification be added to include this
Posted: Sun Jul 22, 2007 7:49 pm
by Adam Davies
Hi
No they cannot add a modification at a later date.
Regards
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Sun Jul 22, 2007 7:51 pm
by hara
I do not think so..Melanie Giles will be able to answer.I feel that would be unjust.
hara.
Posted: Sun Jul 22, 2007 7:52 pm
by hara
That is a lucky escape!
hara
Posted: Sun Jul 22, 2007 9:07 pm
by MelanieGiles
The IVA cannot be further modified, unless you default on the terms and variation meeting has to be called.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk