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IVA & DRO

Archives for April 2009

yet another IVA question please
Ok, me again lol, ive told Payplan i wish to do an IVA with them, someone from their team is going to call me sometime this week to start things rolling - a weight off my mind that something is starting to happen, ive been reccomended i do an IVA even tho i just currently rent a house, some people have said this is not the…
Is DRO for me? Anyone had one?
Hello, Wondering whether you could help me and give me some further information about a Debt Relief Order. I have a few questions: Is your bank account closed like it would be for bankrupcy? Will I need to tell my landlord. I rent privately through the council but have no rent arrears and never have. Will the DRO stay on…
Overtime and UVA
My provider clear debt said my husband had to pay half of his overtime but there is nothing written into his contract do we have to pay this. I have not paid it all in and am worried does anyone know about this? Also 2months after taking out the iva I was not able to work but haven't told clear debt what should I do can…
IVA Help Please
Hi This is my first ever post so forgive any errors or missunderstandings. I entered into an IVA 2 years ago, at the time I had unsecured debts of £70,000 after a disasterous couple of years and an expensive divorce. I have a good job and also act as a part time director for a company hence my need to avoid banckruptcy. My…
IVA's
For CC's to agree to an IVA what %age of the debt do they like to see being paid back each month? Currently owe approx 60K on 5 cards and am struggling a bit due to the the phone not ringing with work anymore. Do they require so much per £1000 or something? Could afford about £700 per month at the moment but once work…
Help and Support Needed
I need some advice, my mum and dad have debts of £27,000 with different credit cards etc. My mum and dad are not earning enough money to pay the debt off each month. Once all the other bills etc are taken out she is left with about £27.00 a month to pay to the creditors when realistically she needs over £700 a month to pay…
Documentation for an IVA
I have just taken out an IVA because my debt was getting out of control. This was taken out with the Debt Advisory Line company. However, they have asked me for a copy of my log book for my car to prove I am not driving an expensive car and have also informed me that they need me to send them a copy of my wage slip and…
Scottish Trust Deed: HELP!!!
im hoping someone can advise me on what to do regarding my Trust Deed. i have now completed 36 monthly payments at the level agreed by my trustee. however, he has now written to me asking for a half share of the Equity in the House owned jointly by my wife and i. i was aware that this was a possibility at the start but…
DRO-Godiva's Journey
I have decided to have my own thread so that you all see the ups and downs of the DRO.
overdraft
can anyone tell me if my husband get a IVA is there anyway we can keep our overdraft,we have a joint bank account but he is putting the IVA in his name,can anyone help
advice regarding IVA
first of all my husband and I have had to close our business due to poor trade,we have been left with about £20,000 in debt,we are both now unemployed and looking for work,can we get a iva or should we get a dmp,we have little disposable income as have 2 small children,whats the best thing for us to do,we can no longer…
What exactly is an IVA
Hi, i was considering going BR but after advice from this forum i have been told i should just struggle for 4 years rather than going BR as it is really a last resort for debt. But wondered if an IVA might be an option to lower my debt and maybe get it paid off sooner?? But i dont know much about them and if they're maybe…
DRO Moratorium Period : “although there may be exceptions…”
Hello Everyone in Wannabe DRO Land I have a query regarding the Moratorium Period. In previous postings it’s been suggested that the period of 12 months is set in stone, yet according to the official DRO guide (PDF Document); Moratorium Period The main effect of a DRO will be to place a ‘moratorium’ period on the debts…
60k 0f credit card debt
At present we have 60k worth of debt( credit cards ) and are looking for some information on how to deal with this financial mess. We have accrued these over many years and are at the point of not being able to make the repayments. We have looked at the cccs site and are wondering if this is the correct route to go? We…
Advice needed against our old IVA.
My wife and I were in an IVA for 5 years and last year decided to release equity from our home to finish our IVA which was agreed by our creditors. This money was paid to W3 for them to distribute to the creditors and thus complete our agreement according to the terms and conditions set out in the IVA. About two months ago…
couple of quick questions regarding IVA's please
ok, say i sign up for an iva, im on reduced hours at the moment thats why im in this mess, so if i go upto full hours again are they going to take all my extra or normal wage off me ? what about if i do a couple of shifts overtime if i want to save up for something, would this be taken off me too ? and finally CCCS…
Help with an upcoming IVA
Hi, I’m new and after a rough week my head is spinning. Basically my circumstances at home have changed and I’m now currently unable to support myself due to credit cards, overdrafts and a massive loan. My total debts come to around £24,000 and roughly forking out £525 on debt apparently and because of this I looked into…
My story
I have been to-ing and fro-ing on these forums for a while now...and think I'm fighting a losing battle...... Brief history... I was diagnosed with Breast Cancer in jan 04, 10 mths off work on SSP....we were renting privately...then offered a new housing association house, which we accepted....had to buy white goods,…
Currently in IVA, no money to live on.
Hi, new to this, so any advice is appreciated.im now just entering my 2nd year of a iva, and due to a pay rise, im going to find it difficult to manage the payments.I pay iva £340 p.m, after my outgoings im left with £00.00. What they never took into account is my daughter who doesnt live with me wants things, i cant…
Dro
Is this for England only ? AIB Scotland still wants £100 for doing bankruptcy for me.

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IVA & DRO

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