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Christian Mayorca

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Joined: Fri Oct 25, 2019 2:28 pm

Post by Christian Mayorca » Fri Oct 25, 2019 2:30 pm
Hello! I have joined.

Lisa Thomas

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Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Fri Oct 25, 2019 2:34 pm
Welcome. Do you have any IVA queries you need help with?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

lisakent86

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Joined: Wed Mar 11, 2020 3:09 pm
Location: Bristol

Post by lisakent86 » Fri Mar 27, 2020 8:15 pm
Do you know how long does an IVA last?

Foggy

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Location: United Kingdom

Post by Foggy » Fri Mar 27, 2020 8:20 pm
Fri Mar 27, 2020 8:15 pmlisakent86 wrote:
Do you know how long does an IVA last?
Lisa, please start new threads with your questions, rather than ressurrecting old ones, thanks.

To answer your question: An IVA lasts as long as is agreed by all parties. The 'standard' is 5 years, which can be extended to 6 for equity release or if the dividend is too low, and sometimes 7. Thay can also be a few months long when the repayment is made by one lump sum payment.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

lisakent86

Posts: 25
Joined: Wed Mar 11, 2020 3:09 pm
Location: Bristol

Post by lisakent86 » Fri Apr 17, 2020 4:55 am
Fri Mar 27, 2020 8:20 pmFoggy wrote:
Fri Mar 27, 2020 8:15 pmlisakent86 wrote:
Do you know how long does an IVA last?
Lisa, please start new threads with your questions, rather than ressurrecting old ones, thanks.

To answer your question: An IVA lasts as long as is agreed by all parties. The 'standard' is 5 years, which can be extended to 6 for equity release or if the dividend is too low, and sometimes 7. Thay can also be a few months long when the repayment is made by one lump sum payment.
Thank you so much for the answer. Will start a new thread when I have any questions. I appreciate your help.
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