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IVA Failing

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  • Hi just a quick update, I am currently waiting for a variation meeting fingers crossed!
  • good luck, post how you get on.
  • Hi ebrioney

    Good luck with the variation meeting, hope you get sorted.

    Let us know how you get on if you can
  • Just a quick update, hooray they have reduced my payments by quite a considerable amount so that is a great weight off my shoulders, thanks to everyone for your advice and support
    :heartsmil
  • Hi ebrioney,

    Really pleased you had a positive outcome. Gives hope to those of us in IVA's that the system does work - would have been a shame to have the plan fail after 3 years.

    Best of luck with the remainder of the plan.
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Congratulations! Glad to hear that you got something that is affordable. Did they also want the term increased or did they agree to a reduction in the total amount you have to pay?
  • ebrioney wrote: »
    Just a quick update, hooray they have reduced my payments by quite a considerable amount so that is a great weight off my shoulders, thanks to everyone for your advice and support
    :heartsmil

    Hi

    Good news by the sound of it, just like it should be

    Well done and hope everything turns out ok
  • They have added an extra 2 months at the end of the IVA (as I missed 1 payment) but that is a small price to pay, the total reduction is just over £100 per month, a great result! :j
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