Paying off/completing an IVA

tcp

I am currently in an IVA trying to pay it off fully however they are asking me to sign a new IVA and hand over my finances?

Do I have to complete a new IVA even though I am wanting to pay off and complete the previous one?

~Beanie~

Who is asking you to sign a new IVA and why would they do that if you've almost paid off the one you already have?

Custard_Pie

Charges perhaps? An IP only gets paid out of the IVA pot. I guess they get additional charges from a new IVA and less from a settled one? Either way, they need to provide a settlement figure. If it's not accepted then continue with your current one. I can't see the need for a new one, or not accepting a settlement figure.

Another line of thought, is for them to question why you suddenly are in a position to settle?

At the end of the day, ask the question as to why and stand your ground.

Anondebtadvisor

If you are trying to settle your IVA, they will need to call a variation meeting which you will have to sign - its not a new IVA just a variation of the existing IVA.

Read the variation before you agree to sign