An IP cannot unilaterally make such a payment extension without your agreement and the agreement of your creditors plus you also need assurance about what terms you are expected to comply to as the IVA will still be in place - is this just repayment or will you still be subject to annual reviews, windfall clauses etc.
I run my own business and know that cash flow does not always match what the accounts state and that they are effectively a snapshot at a given period in time.
Extension of any IVA past that agreed requires the permission of creditors because effectively they bear the cost of the continued involvement of the IP and their term of office.
As this is still on the Insolvency Service web site I assume it is still valid as an interpretation.
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