Roll Out The Red Carpet For The...
News1 min ago
No best answer has yet been selected by insight. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.THis is one of the disadvantages of an IVA, you borrowed a sum of money, got stuck, and agreed to repay as much as you could sensibley afford over a fixed term. In return the creditors agreed to freeze the interest and accept this arrangement as oppose to bankrupcy. You should work out what you would have paid in interest over the 5yrs if you hadn't have entered an IVA, you would probably still be better off.
In fairness, financial stress can stop people performing, it may be that the IVA allowed you to focus on your career hence your promotion. To the best of my knowledge there is nothing you can do. Sorry to be the carrier of unwanted news.
Peter Whyte MD
Chambers Moore Ltd