No contact from IP and IVA has been going for over 5 years - what do I do?

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donna328

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Post by donna328 » Mon May 13, 2019 2:59 pm
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I have passed the 5 year mark of my IVA and had no contact or formal notice from the company looking after it. The practitioner hasn’t been in touch. We have equity in property and they have a charge on it. What do we do next? Should we have a notification of an extension in place by now? I am continuing to pay each month.
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Foggy

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Post by Foggy » Mon May 13, 2019 3:05 pm
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Is it Aperture by any chance ? It is up to you to make sure they act on the equity release clause. Get in touch with them and tell them to pull their finger out.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lisa Thomas

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Post by Lisa Thomas » Tue May 14, 2019 10:44 am
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If you have standard terms then it's up to you to deal with the valuation at month 54. Did you do this?
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
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