Hi I am currently 10 months into my IVA with Freeman Jones.
About 4 months ago I rang them as I had forgotten to include one of my debts. I was told that as long as the debt was before the IVA started it would be added into the IVA.
However I have had a telephone call today to say the that the company has rejected the proposal. Freeman Jones have asked me to extend my IVA past the six years that I hoped would clear the IVA.
If I don't agree to an extension my IVA could fail?
I am assuming that the extension is because the dividend is now too low for the new creditor to accept and a higher one might persuade them (and also that they have the voting clout to swing the result). Refusal could see the IVA fail and you might find yourself back to square one.
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
Thanks for the post. I am one of the team here at Freeman Jones. I am sorry, it doesn't look like we've done a good job of communicating with you. Please drop an email to me via ian.williams at FreemanJones.com and I'll ensure that we give you a proper explantion of the options and next steps.