Help in the last year of our IVA, Cant Remortgage, Forced to sell?

Charco_2

Confusing indeed, however I wouldn't dwell on it!

Concentrate on what you want to offer and don't be bamboozled with (x + y) - q = ????

Doesn't matter so much about that (although I would voice your concern that the IP doesn't seem to be upholding their end of the arrangement - your dividend shouldn't be adversely affected by your IPs fees skyrocketing or worse, your debts just being wrong in the first place!) On the whole £17,000 isn't entirely unreasonable across two IVAs over five years and SHOULD have been listed as part of your IVA from the start anyway! However estimating your debts wrongly by 20% is huge! (a 10% difference is supposed to fail the IVA - and look badly on the IP not you!)

Supervisors (your IP) have a duty to verify the debts so make sure that has been done, ask why there is such a discrepancy between the debts from five years ago and now - and "interest" should not be the answer!

However stick to your guns and your gameplan remains the same... you are now making your best offer to end the IVA at a reasonable juncture. The ins and outs are less relevant than what your are now willing to offer your creditors! Dont get bogged down in annoyance or grievances about poor service, treat them as two separate issues: your aim is still to make an offer your creditors wont refuse!