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Lifetime of IVA
Anyone got experience of an IVA lasting 15 years? We had one in place 2008-2010. The courts completed it then. I have had a SO to a creditor since then. They had never contacted me to update in all that time. I stopped the SO and got a phone call to ask why. They want to update the payment plan. As I am now 70, disabled and only have my pension- what are my options? My husband is still working ( he’s 5yrs younger!). Any thoughts?
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Comments
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IVAs do not normally last 15 years. Is it still showing on the insolvency register? Who is your IP?
Why were you paying a creditor who is in your IVA?
I think stopping the payment was a good move as this all sounds very odd, as does the court involvement.
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Are you certain it was an IVA, an Individual voluntary arrangement?
I also would like to see the answers to the above questions.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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