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IVA & DRO

Archives for February 2010

Timescale
HI there Guys Can anyone answer this question of mine? I have since October been talking to Grant Thornton (recommended by the CAB) about an IVA. They have done all the paperwork, but the Creditors meeting was only help on 24rd February. It seems to be taking an awful long time to get this sorted out. One of our creditors…
IVA extension??
We are now in the final year of our IVA. We have a mortgaged property which we bought before entering into the IVA. I was hoping someone could answer the following questions. As I understand it our creditors will request a remortgage at the end of the IVA in an attempt to take any equity from the property. However the…
Unproven Creditor Claims
We are in our first year of our IVA and have received a letter this morning from the IP which looks like it has been sent out to all our creditors saying a distribution to creditors was due last month but they are unable to do so because there are unproven creditor claims outstanding. Tried ringing the office but of course…
new to this , soa here , would i qualify for a dro?
i am a single parent , son of 13 and a daughter of 7 Income support £149.27 Child benefit £33.20 Total £182.47 SOA.. Electric £30 V media £17 18 month contract Vodafone £5 18 month contract Water rates £5.20 Tv licence £4.00 Food £50.00 Laundry , cleaning , cat food , toiletries £5.00 Provident £13 needed this to get over…
DRO and DLA
Hi, I'm disabled, and only just really got myself through the winter, I'm coming out of hiberanation (so cold!!) My DLA is being reviewed and will hopefully be considerably increased in the next few months. If I apply for a DRO, will they leave my DLA money for me to spend on disabled things I need ie. Swimming, chiro,…
Debt Advice Foundation & Payplan IVA
I just wondered if anyone has used these companies for an IVA and what your experiences were. I made first contact with Debt Advice Foundation last night and suggested I do an IVA. I've looked into it and feel quite happy that at least in 5 years I'll be totally debt free.
Problems opening a current account
Hi - New to the site & forum so hope this works!! Well I have been in an IVA since last September, before proceeding with my application I was advised to open a new current account, so I went along to Nationwide but they refused to open an account as I had a current account already, but I already had an old cashbuilder…
Help! Cold call from galaxy finance for an iva -!!!! ????????
:eek::eek: Hi peoples, this is my first post and i hope i've it in the right thread.. anyway I was hoping if anyone has ever heard of or had dealings with a company called Galaxy Finance. As I received a cold call from one of their reps offering me an IVA....! According to his script their company is working with the UK…
Beat the Bailiff & IVA. What the hell??
I've just been watching Beat the Bailiff on ITV3 where they have a rep from payplan go in and advise the person on it of their debt options. The person today had somewhere between 14-20k debt and less that £50 disposable income. He had no assets either and his car was worth under £500. Yet Payplan said that his options…
Help with IVA fail...
Hi all....need advice please.....i started iva with Blair Endersby last feb, no way could i manage on what they left me with so not paid anything since last july......i've rang them and told them i can not afford payments.....they said if i missed 3 payments in a row my iva would fail.....so what happens now ? I've not…
Advice ref IVA and Redundancy
I am looking for advice. My situation is that I have been in an IVA since May 2009. Monthly payment is £232. I have the opportunity of voluntary redundancy and am not happy in my job anyway. Currently aged 44. Redundancy payout would be £18,000. I have contacted payplan regards the possibility of a full and final and have…
Credir card & loan protect charges.
Hi guy's Just wondered if anyone had made a claim while involved in an IVA, and what was the outcome??? Not going to do it if i lose all money, as I am already going to be clearing nearly all my debt anyway and by claiming I will lend up giving them more money back. Thanks for your help.
Joint IVA - Now Husband has left me
Hi, My husband and I have been in a joint IVA since June 2006 and although we've still got 16 months or so to pay, I could see light at the end of the tunnel and was counting down the months till we could finally get on with our lives. We have been paying almost £600 a month. Then, out of the blue, he packed his bags on…
10 year torture P.G.
My ex had a joint and several PG with a business partner - My ex had signed the house as security I HAD NOT! - we divorced few years later... all this time we have been making payments to the bank on and off - without me working my ex would not have been able to pay what he did! Final lot was a series of instalments and…
Hi need help with a decision
Hi, I am in a total financial mess,I owe around 24,000 to different creditors. I stopped paying them last April, when a old friend gave me the advice on unenforcability, I had all the CCA's back and they are all proving to be forceable, during this time, I have recived 2 ccj's and I have Marbles taking me to court on the…
Another DRO question...end of moratorium??
As some on here are looking forward to the end of the 12 month DRO soon, I have been trying to do some research on what actually happens upon completion of the moratorium period. Alarmingly I happened to stumble across this : "The OR can revoke a DRO during or after the conclusion of the moratorium period, unlike in…
help to stop the letters...
hi, i have moved to a new address and wescot credit services keep sending me letters regarding my debt with barclays. i have asked payplan to tell them i am in an iva but they send them every other day!! is there a way i can stop them. no other creditor sends them but these persist. surely the iva court agreement would…
Advised to go for DRO but income soon to change
After my initial appointment with CAB who advised a DRO would be the best route for me - I am now querying their advice, as our income will increase by approx £500 a month once my maternity allowence starts (april) and we are also moving from a £500 a month property to a £650 a month. I'm guessing I will need to do a new…
In an iva and curently selling property
Hello I am currently in an IVA. I am divorced and My wife had a deed of trust put in my name on a property jointly owned by her and her dad. She has been pushing me to start a court case against her dad to have the property sold, so she can have that money for her and my two kids. Since my name is on the deed of trust It…
IVA Advice
I have been in an IVA for 1 year now. But am now wondering if it would be better for me to go back to paying my creditors directly and to let my IP know that I want to do this instead. MY IP has said that I will have to pay the whole amount owing to the creditors. Can anyone give me advise on which would be the best thing…

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IVA & DRO

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