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.
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.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
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.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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.
Hi! I used to work for one of the UK's biggest Insolvency Practitioners - I don't work for an IP anymore but still have an extensive knowledge of the IVA industry. How can I help?
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!
Hi! I used to work for one of the UK's biggest Insolvency Practitioners - I don't work for an IP anymore but still have an extensive knowledge of the IVA industry. How can I help?
How long have you been in your IVA? Do you have equity release? Was one of your creditors Northern Rock.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
