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IVA & DRO

Archives for March 2010

Post IVA issues
I'm more than happy to tell you all i've completed my IVA in January.....BUT (theres always a but) i went to my bank to get a current account yesterday and was told i was declined, i didn't know i'd be credit checked to give them my money? The account i have at the moment doesn't have a visa debit card with it, a cheque…
iva f+f advice
hi am new to post but been lurking right my dh has a chance of a job in a different country its all up in the air at the moment but would mean us emigrating and i dont want iva around as i want to see if can sort it out if we do leave the country ive been told you can take it with you but would rather do a f+f as would…
Creditor Hassle During IVA. At what point can you sue?
Hi All, Ive been in my IVA for a year. 80% of my debt is with one creditor, and ever since my IVA was started (it is definatly an IVA and has legally been agreed by them) I have been getting letters from the collection agency my creditor uses (called moorcroft). Ive told my IP company about 10 times that i want it stopped,…
Help on DRO, Im lost
Hi everyone. I'm 26 Married and thinking about a clean sheet in the near future. From the age of 18 i was offered credit cards and debit accounts mobile phones etc and being stupid I accepted them all. Today I am around seven grand in debt owing to so many companies I cannot keep track with out the paper work i have…
Me in IVA, Mum as guarantor on loan help!!
Hi all i am 2 years into an IVA for which a loan from Blackhorse was taken into account in full. My mum was a guarantor on the loan. Now she is being chased for it, but as the whole amount was taken into account when the IVA was agreed can they do this? Thanks In Advance. Tom
IVA missed payents help
Hello Can anyone help me, i have been in a IVA for a couple of years now and last year i got into arreers with my payments, it was sorted out and my monthy payments reduced and IVA extended slightly, the same thing has happened now, only this time my IVA company is suggesting that my IVA should be terminated, i am now very…
Mortgages in IVA
I remember when I first started my IVA that the agent I spoke with said that I could still get a mortgage with an IVA. I never actually persisted with it and 4 years into my IVA I am now thinking about that possibility again. Clearly I wont be able to have a deposit because the creditors will want to know why I have a big…
Equity release - Please Help
Hi Just starting my 4th year of IVA 53k - 80p in the pound !!! - due to my company failing and like a dimwit not realising i was personally responsible for overdraft and loans etc,,, My Admin has asked for valuations on property to asses equity release. Main problem is that equity is only around 85% of value so no one will…
IVA and self employed accounts
I have today spoken to two companies regarding an IVA, Payplan and ClearDebt reccomended on IVA.com. ClearDebt said that they could definatley help me but I would require audited accounts as I am Self Employed ( I have done my own accounts for the past 8 years and never used an accountant, as my business is very small )…
Just when I thought life was getting better...
Hi Everyone. I've lurked here for ages but this is my first post for a while. I entered an IVA in July 2005 but then negotiated a F&F which was paid and the final completion certificate dated 27th Jan. So - a new start! My partner and I moved from a rented house and bought our first home nearly 2 years ago - everything in…
Can anyone help please? Trust Deed Questions
Hi all Hope you can help. I have a Scottish Trust Deed which is the same as an IVA basically. It is for 3 years. The 3 years are up in May, which in theory, is when I should make my last payment. Whilst paying my dues, I took a better but lower paid job. My trustees allowed me to reduce my payments each month whilst on the…
Need advise on F&F settlement pls!
:think: Hi all, Really struggling here and could do with some advise. My partner has an IVA which began October 2006, he has 18 months till it finshes he currently pays £595 per month towards this. Since his IVA (which begun before we met) we are now expecting a baby - due in September - and he has now moved in with me. I…
IVA & Possible pension payout?!
Hi All We've just had our IVA approved earlier this month and now my husband has just been told that he has the chance of cashing his pension which would be about £9k - just our luck! Anyway, we were just wondering is it worth him cashing it or leaving it be. What percentage would the IVA take if not all of it? If only…
Due to start a job with dro in place...help
When i start the new job i will have to tell the official receiver my new ingoings and outgoings, i've had to tweak a little bit to come under the £50 excess, can anybody give me any advice on my figures below and if they think they will be fine? I live in a 3 bed terraced house, just me and my 4 year old daughter. IN>…
Fluctuating settlement amounts given by IP
Hi all, I posted up some time ago with regards to an inheritance my fiancee had, and the effect an IVA would have on it. We finally have the inheritance money in her account, but we have run into more problems with the IP. We asked the solicitor to write to the IP asking for a figure to settle the IVA - the IP contacted…
Equity release/6th Year & Northern Rock
I've been reading on here that Northern Rock have a tendency to ask for a 6 year term if they have over 25% of the debt as they know they have you over a barrel. My question though is if they do ask for 6 years and I accept it do they still do the equity check in year 4 and potentially add a 7th year on if you cant release…
IVA.com/IVA.co.uk
Does anyone have experience of using either of these websites for IVA?
did a debt relief order today
my question is- can a ny f my debtors contest the debt being written off? and when do my debtors know theyve been written off?
Brain Boggled - advise/help please
Hi, Been to CAB today who said as OH is not working can only do token payments but when he's back in work they would recommend a IVA. Owe £52000 - he suggested a repayment of £400 per month at 40p on the £. What he didn't mention and I am picking up on is the 6 year/remortgage thing - is this compulsary as we do have some…
Help please with DRO and creditors?
Ive applied and been accepted for a Debt Relief Order some time ago now on the 21st of january and i have the letter to prove it, BUT 2 of my creditors are still sending me threatning letters all the time, Welcome Finance and Argos. Can some one Help me on this please on why there still doing this and if they should be…

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IVA & DRO

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