Can they extend my iva?

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john202

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Post by john202 » Sat Feb 01, 2020 5:47 am
I have recently found out that my IVA with Aperture is over 6 years instead of 5 which is what I was led to believe was the length of an IVA. I was told that one company has asked for the extra year is this right and can they do this.

luluj

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Post by luluj » Sat Feb 01, 2020 6:30 am
Yes ...but you should have been made aware of this at the time of your iva being approved. Your creditors meeting would have identified this as a condition of approval.
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Foggy

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Post by Foggy » Sat Feb 01, 2020 10:08 am
This will be mentioned in the Chairman's Report of the initial meeting and you should have been asked to agree (though the alternative would, probably, have been a refused IVA).

Dig out your paperwork and see what it says.
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WallE

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Post by WallE » Sat Feb 01, 2020 3:29 pm
We're you order hi ally with Debt Free Direct? They tended to favour a six year arrangement as standard even before equity was considered.

WallE

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Post by WallE » Sat Feb 01, 2020 3:31 pm
Sat Feb 01, 2020 3:29 pmWallE wrote:
We're you order hi ally with Debt Free Direct? They tended to favour a six year arrangement as standard even before equity was considered.
Were you originally...

Autocorrect and not looking what I'm typing, sorry!

kallis3

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Post by kallis3 » Sat Feb 01, 2020 4:08 pm
How long have you been in your IVA? Do you have equity release? Was one of your creditors Northern Rock.
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