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