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IVA & DRO

Archives for January 2009

My IVA is now complete
Just some background........... We realised in January 2005 we were in trouble when after trying to consolidate some loans we were turned down, we were withdrawing cash form credit cards to pay bills and buy food. We earned good money but also lived good lives. We were in trouble. After finding this board and another we…
How does the re-assessment work?
I'm trying to understand how the payments are worked out when the figures are broken down. So, say for instance It's been agreed £50 for telephone/mobile per month and I manage to get an agreement from the phone company for say £35 per month- when they do their yearly assessment and they see these figures that are paid via…
entering the 5th year of an IVA
Hi, We are in an IVA with Payplan. Our 4th review is underway. We were told that the IVA would last for 5 years unless we were made to re-mortgage. With the current property situation it is not in the IVAs interest to make us re-mortgage, plus when we tried last year we could not get anyone to give us a mortgage. We have…
im in 16k debt how do get out unempolyed too
hi ther im new to this site im 16 thousand in debt , 8k loan, 4k overdraft, 4.5k credit card, ive just been layed off work 2 weeks ago on top of this i have rent child maintence car bills etc ......what do i do?????????:confused:
IVA - Individual Voluntary Arrangement
Hi Gang Help can anyone give me some advice. I've entered a IVA about 2 years ago arranged by Payplan. In the last couple of months I've found it very difficult to keep up with the arrangement of just over £400 a month and can no longer sustain it. It is now time for my annual review. I have agreed with Insolvency…
Year 2 Review
I have just completed my 2nd year of my IVA. I had debts of around £40k. I started paying £400 a month and kept this up for 13 months. I then requested an "amendment" meeting to request that I lower my monthly payment to £350 as I was finding it hard at the end of each month to afford food. It was approved as long as I…
Reclaiming £ after cooling off period. Advice please
My husband stupidly took out a consolidation agreement with churchwood over debts of just £3k. They told him that at first his credit rating would be poor but that after a few regular payments it would be ok and he would be fine getting amortgage. So off we went to mortgage advisor only to be told he's never get a mortgage…
failed iva what next
as above my joint iva has now failed what will happen next cant afford bankruptcy any advise pls
just made the first call
I just made an appointment to see an IVA practitioner who set up my dad's IVA this Thursday. Am scared but know that I can't carry on the way I am any more. Any advice?
IVA advice
Hi guys, I'm getting to the point that I'm stuck in a rutt and need a solution. My father has already got an IVA and he's two years into it, it's really helped him sort things out (he lost his business and accrued massive debts because of it). My situation is slightly different, the cost of university (some bad shopping…
Stopping Maintenance Payments for my Ex Wife
Hi, My ex wife and myself split up and divorced 9 years ago. Since then I have made maintenance payments for her, although this has always been on a voluntary basis rather than a court order. Now her partner has moved in with her permantly, and has been living with her for the last 6 months. (incidentally in the house I…
Defaults in Credit History while in Trust Deed
Hi, Just looked at my credit report and it has a default for the last 3 months for a sum of £452 that is protected in my Trust Deed. A company called Arrow Global Ltd have bought my old debt with Orange so I believe and are defaulting my credit report. Apart from this I have no other defaults in the last 36 months and am…
child maintenance
I will post a SOA tomorrow but am thinking an IVA may be the best way to pay off my credit card debts. Have been struggling paying the minimum amounts for the last 3 years since had to work part time and terrible i know but withdrawing cash to make payments. Anyway it has come to a head now with the credit limits all used…
Chelsea Revaluation
Following my newly started IVA. My mortgage company (Chelsea) revalued my house. The valuation comes out 9k less than the mortgage. They wrote to me with this info and said they would pass this onto the arears dept. What I am confused about is I have NEVER missed a payment on the mortgage, so why should it be passed to the…
Recommended Iva Companies
Please,woould you recommend a good financial company which will sort out my IVA scheme.I am considering Hanover Sterling but it seems the company has rather bad reviews than good on internet and I dont know any other names. Regards Thank you
iva company going out of business
what would be the implications of an iva company going bust,how would it effect people who have an iva with them,it hasnt happened yet i dont thhink,just something i heard.
Help Please??
All I am on my last days leading to my BR and now I am having second thoughts. Very concise history: I am a single mother of a 3 year old his father bailed and left the country before I gave birth which was probably a good thing, due to the abusiveness of our relationship. My son and I became homeless and were put in a…
Redundancy and Loan Settlements
Hi I am likely to be made redundant in the next six months and I have two loans that are nearing their term end and a couple of cards. Altho my redundancy pay will see me through for payments for a few months (6-8) would companies at this time consider giving me a settlement figure if I am upfront and honest regards the…
business bank account for IVA
Can anyone help, I need to open a business bank account just before my IVA goes through, very basic required, any ideas?
How long does IVA stay on Credit file?
I entered an IVA Aug 05 and did a full and final Dec 07. Does my IVA stay on my record for 6years from the start or 6 years from full and final????

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