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DRO and joint mortgage
Hi, Sorry if this has already been asked. My OH (married to me) has a credit card for £1200 and only works part time with not enough income to pay the minimum, (so basically I pay it). She has no other assets except that we have a joint mortgage. If I get her name removed from the mortgage and house deeds would she then be…
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Do I Qualify for a Debt Relief Order?
I am trying to find a way of clearing a multitude of debts I have and after doing some research I am wondering if under my current circumstances, I would qualify for a Debt Relief Order. My debts amount to approximately £9000 and break down as follows: I have a £1200 overdraft with Lloyds TSB from a current account I do…
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setting up a business under an iva
Hi new to this and could do with some advice, MY husband has an iva and was made redundant a few weeks ago, he has the opportunity of work but would involve him setting up his own ltd company and being self employed. Does anyone know whether you are able to set up a company whilst you have an iva? Thanks in advance
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Breaking an IVA
Hi, Just need some information please. If someone enters into an IVA, is subsequently gifted money and chooses to spend it rather than consult/agree this approach with their creditors, is this legal? I suspect not and I appreciate the terms of the IVA will specify exactly, but I was just wondering. Thanks I
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I sold my house during iva without permissionwhat will happen
I am in my final year of my iva (i hope), but i sold my house without permission in year 3 without making any extra contributions as the money left over went on paying off my partners debts(which we had lived on). Will i have to do another year or will i finish on the date originally set? I have informed my supervisor that…
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IVA and joint finances - newly weds
Hi All, We have just got married and have received a number of cheques with Mr and Mrs as payable to. My wife has an IVA so we don't have any joint finances so to keep my credit rating clean. My bank (Barclays) said that I could open a joint savings account in both our names which would not "link" us since we wouldn't be…
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scottish trust deed equity release
Can anyone help? My trustee has told me I have to pay £12500.00 within next six months (now 4) as equity release after valuing house at £150,000.00. (joint mortgage husband not included in deed). I told trustee my house was not worth this amount so scraped money together to have own survey done which showed house worth…
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Trying to end IVA after 3 years
Hi - sorry, new to this and forums, so apologies if the question has already been asked! I took out an IVA just over 4 years ago and have kept up my repayments of nearly £700 a month. My salary with very minimal outgoings doesn't cover the amount due, so it has always been part of the agreement and I declare it every year…
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IVA - can i get a student loan???
I'm just waiting for my Creditors meeting and want to know if I am accepted, will I be allowed to get a student loan to do my PGCE?? I think I already know the answer BUT maybe there is someone who has some info that might tell me otherwise. If I can't get a student loan I won't be able to do it and it will help me secure…
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debt relief order---water bill
my wife secured a debt relief order in october 2009 after my personal bankruptcy,yesterday a bill arrives from the water board demanding payment from november 2008 her old address which she was totally unaware of,would she be able to add this to the debt relief order or not:mad::mad: thanks in advance anyone that…
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Bankrupt via Council Tax
Can someone please help me with what I can do about this problem. I have not said I will not pay , but I was not given a fair hearing. In March 2005, I travelled ,while I was there I fill ill. I could not travel. I was advised not to travel for medical reasons. I could not afford to maintain myself where I was and at the…
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Debt Relief Order - query on what paperwork required
hello, i am currently on a DMP with the CCCS but my budget amounts are set really low and i'm not manageing on it, they have suggested a Debt Relief Order as an alternative which i am considering, however i have got a question that they can't answer without referring me through to the other department which requires an…
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Creditor Meeting Today!
Hi everyone, I've got my creditors meeting today at 12:30pm. I'll let you know how I get on. Keep your fingers crossed!!
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what equity to release
Hi everyone who is still awake. Just a quickie, I think. I understand in year 4 of an IVA they may ask you to release equity in your home. Is this to pay the last year of IVA payments or to clear the actual remaining debt? Thx
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Still waiting for DRO to process.
A bit of a update, CCCS have agreed to tinker with my SOA and have allowed me reasonable allowances due to my increased Income support. So basicall they have sunk the extra in to my outgoings and i am still on the low end of my allowances. The update should not have affected the time it takes so should be looking at end of…
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Re: CCJ
Hi Looking for some advice as feel like I'm drowning... I'm Currently in a DMP with CCCS but as this is set to last at least 19 years I have applied for an IVA via CCCS. I have not heard anything yet re the IVA but today received county court papers re my large loan debt. CCCS just told me what to put on the form and send…
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IVA and ppi reclaiming
Hi I completed an IVA last September and recently applied to get the PPI back on one of the loans(HFC bank). I was worried about reclaiming myself so used a reclaiming firm to help me. about 4 weeks later I got a letter saying i had won, reading the letter further the amount I had won was being used to pay off the amount…
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Scottish Trust Deed help!
I hope someone can help - My OH is currently in a protected Trust Deed which has been running since Nov 2007. Out of the blue last week we got a letter from Buchanan Wells Clark stating that they were pursuing him for unpaid Council Tax for a flat he owned for six years and vacated in 2001. (This was before I met him) He…
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Trust Deed
Ive just made my last payments to my trust deed, I called my Trustee to see if i need to do anything else, and was advised that's it. Should get my discharge papers in around 3 months or so depending on the creditors. I've now cancelled my Direct Debit so will be better off from next pay day. Its been turbulent but im glad…
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Unsure about IVA?
I am at the point where I need to make a decision as to whether an IVA is in my best interest or not. I have debt of approx £23000 made up of about £8000 in my name that is manageable and being reduced and a joint loan with my soon to be ex husband of £15000. My ex husband hasnt been keeping up repayments on the loan for…
