IVA extension?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1


User avatar
Posts: 1
Joined: Fri Dec 04, 2020 5:29 pm

Post by agnieszka512 » Fri Dec 04, 2020 5:29 pm
Hello, my last payment of IVA is 25/12/2020 - I never missed payment, reported all changes etc.
Today I received a letter that my IVA has been extended by 6 months to enable the Supervisor to finalise the administration of the agreement. OMG! I am so stressed as I can't wait for this nightmare to end :( ...and now 6 mnth longer? What that means to me? Do I have to pay for 6 months extra? Do I have to send the income and expenditure reports? I am so fed up and lost :( please help Aggy x


User avatar
Forum Expert
Posts: 77066
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Dec 04, 2020 5:58 pm
No, you won't have to pay any extra. It's just admin. Well done on getting to the end.
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.


User avatar
Posts: 33399
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Dec 04, 2020 6:56 pm
As Kallis says, they have extended the admin period for closing down at the end. This is normally 6 months but covid is slowing everything down, so many IPs are asking for extensions.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”