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Breakdown of IVA payments
I have just received my breakdown of payments for the first year of the IVA. This has made me all the more determined to file for BR. Out of £3279.10 only £32.69 will actually go towards my creditors payments. Also out of the full amount actually owed to my creditors it states on another page, that only half of this amount…
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Had iva had to go bankrupt
I was mis-sold an IVA so I decided to go through bankruptcy with the help of UK bankruptcy. I paid £3600 into the IVA though over a year can I claim this money back or not??:confused: :easter:
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IVA Questions
Hi, Im thinking about an IVA, i have some questions if everyone would be so kind please. 1. My patner has a joint loan with me but would not want to be or in fact need to be in an IVA. What happens with joiunt loans if only one person is going for an IVA? 2. I will soon be a dad, what allowances are made for having a…
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Mortgage (for new buyer) after an IVA
I have posted this on the IVA board too - sorry for double posting but i wasn't sure which board would be most suited. Hi, I wondered if anyone had much experience of life after an IVA? My husband has an IVA which is due to finish in 18 months time. He started the IVA before we married and I have good credit (inc a…
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Mortgage (for new buyer) after an IVA
Hi, I wondered if anyone had much experience of life after an IVA? My husband has an IVA which is due to finish in 18 months time. He started the IVA before we married and I have good credit (inc a mortgage). We have been saving as much as poss for to increase our deposit for when we're able to buy a house together. I…
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Failed IVA advice
need some advice for my brother, situation is as follows: he went into an IVA in Dec 2006, at an agreed sum of 21K, payments going through ok until the CSA made against him for his daughter from a previous relationship, so IP was informed and they immediately told him that it would drop his payment to 50% of the agreed, so…
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Paying an IVA and creditors calling me ?
Ive had an IVA for almost 3 years and have never missed a single payment.But for the past 2 weeks i have had one of the creditors call me and ask me if my circumstances have changed.I thought they were not supposed to make any contact with me whilst i have this,the IVA took all the stress out of my debt and now im feeling…
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Just a Suggestion... DRO Sub-Board
Im re-posting this as a board guide saw fit to move it to the Site Feedback: Questions & suggestions, the OP was asking for feedback if a sub board was warrented, not making a sugestion one should be created...yet! I believe it was meant as a discusion on the BR board, so that is why i have re-posted it The thread is now…
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IVA but life has changed
Finally had my IVA accepted a year ago and have been paying £285 a month for 13 months now. All is fine and dandy but things have changed: In August my girlfriend and I got married, the house is owned by her and I was down as paying rent and 1/2 bills on the house. I'm worried that now we are married the IVA company can…
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debt relief order "normal" living expenses
Hi Just a quick question on this, what would be considered normal living expenses?? obviously rent ct food nappies etc, but we both have mobiles ( 15/18 contract pm) landline, broadband, house insurance, child trust fund payments, kids savings direct debits etc. how much of this would we be allowed to pay each month…
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Advice regarding my IVA please
My ex-partner and I entered into an IVA with Gregory Pennington / Freeman Jones (I believe they're known by both names) in 2007. I can't remember exactly how it came about, but the way that it was 'sold' to us, made us believe that it was the best thing for us (and for a while, it was!). Despite the majority of the debt…
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Debt Relief Order - Help Please
I suggested to my daughter that she look at a DRO as she is on income support with 2 children. She has just had a call with national debt helpline and gone through all the figures of debt income and expenditure. All figures provided were not a problem except when it came to the car expenses. I allow my daughter to use my…
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DRO? Is it a possibility?
Hi, I wonder if any of you well informed people on her may be able to help. My partner and I both have debts mine are approximately £4000 and hers approximately £6000 her depts are mainly from a previous relationship and I am not named on anything to do with them, and likewise mine are just in my name. Our sole income at…
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Worried over taking DRO, is it best for me, what could happen?
I know these are so new, no one really knows the ins/outs and the amount of data online is staggering but also slightly 'disengenious' eg what actually happens for example. Is it as easy as it all seems and not at all like going BR. My situation is this: This idea or prospect was dangled in front of me by a money adviser…
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Can we do a DRO?
Can you shed any light on this? I only work 16 hours a week and my OH has recently become unemployed, we have 3 young children... We thought a DRO each would be the answer to all our problems and finally end the continuous stess. We thought we met all the criteria but our CAB contact went on a one day course last week and…
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Protected Trust Deeds
Hi there I am looking into the possibility of a Protected Trust Deed and was wondering if anyone out there had signed up to one and if so can please can you recommend a good company for this in Scotland - Glasgow or Edinburgh ideally. Any advice is appreciated Thanks Christine
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DRO Today
Well??? Did anyone apply for a DRO today? How did it go??
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Loans with completed IVA
My IVA completed in December 2005 and I would like a loan to buy a car as I would like to change jobs and I have a company car at the moment. The car I'm thinking of buying is a friends and is £6000, I will be in receipt of a car allowance of £3800 per year if I give up the company car. Does anyone know who i could go to?…
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Can I make offer to creditors myself?
Hi, just a quick question, whilst I'm thinking about an IVA, I realise that I could prob pay more to my creditors than I would in an IVA agreement, my situation at the miniute means I am struggling to make minimum repayments, but I wondered if I were to write to my creditors asking them to freeze interest on my accounts,…
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Advice Please
I have recently been in contact with the citizens advice bureau. Basically i am in about 41K worth of debt unsecured. i also have my property which has a 100% mortgage and a secured loan on this for about 25k. basically im screwed at the mo. i earn about 25k basic plus another 10 with over time. Ive spoken to payplan as…
