While in an IVA you always owe the full original debt, plus fees and possible statutory interest .... when you get to the end, anything unpaid is written off.
How long have you been in the arrangement and how much do you pay per month ?
Is this because you have assets to protect that you will lose in Bankruptcy?
Their charges cannot be £37k for one IVA - I think you are perhaps confused somewhere. Do you mean they are suggesting you make payments, or introduce assets to the value of £37k over 2 years?
I was soo upset as I thought I was nearly there I hadn't contacted this company my accountant introduction them to me so I trusted them and him but I have found out that he works for them as well
This has been such a destressing time for me as during this time my mum died and I have now found out my husband is very ill and we don't know how much longer he will live this has been the worst time of my whole life
An IVA was put in place so the IVA was annulled.
You thought the property was protected but your IP firms says you had to sell the house as part of the IVA terms?
What did you terms say, if you think you got to keep the house what other assets were you offering?
I'm wondering if this is all about an equity/extension clause...?
I may need to look at your IVA to try to help you.
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