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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by pix1[/i] [br]I know this is the bankruptcy forum but I have a question to do with IVA's. Basically, I ended up with nothing but the option of bankruptcy and have been down that route - much to my chagrin, though, paradoxically, also to my relief. In an IVA is the payment into it assessed every so often or do you get a fixed payment agreed at the beginning and continuing for the full 5 year term? As I think you have to be assessed every so often depending on your circumstances would the IVa amount go UP to take into account any reduced interest payments on your mortgage from FALLS in, say, a tracker mortgage? Basically, if mortgage interest rates drop does the IVA claw in everything that is gained? I am wondering just to put my mind at rest that had I gone into an IVA I wouold not have gained from recent interst rate cuts but would have just ended up paying a bigger payment each month into the IVA. Anybody know? [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.