IVA & DRO

Archives for May 2010

Panicking - Debt Relief Order (DRO)
Hi, Sorry to keep posting :-( I had planned to go to Bedford court on Wednesday morning to present my own voluntary bankrupty to the courts. I had read about a "Debt Relief Order" previously, as my debts are just under £15,000. But I had passed over the idea because it said if you had more than £50 left over a month then…
IVA and joint Credit
Evening all, Just had my IVA approved..yay!! We all know its not ideal but it has sorted me out so that I can live again. I used Freeman Jones who made the whole thing hassle free from start to finish and did not mind my many many questions. I have questions though which I was wondering if anyone could shed a light on for…
IVA- any help/ advice would be great!!!
Hi everyone, I have spent a long time reading the comments posted and I am glad to say it has helped greatly. I have recently separated from my husband. I have 2 children and am taking responsibilty for the house and bills. He will pay £230 towards the children each month. I earn just over £2000 per month and can just…
IVA decision but what to do first?
Hi I have been avidly reading this site and am feeling much calmer now as a result - thanks to you all :) However I am just not sure what to do first in order to make things run as smoothly as possible. My husband and I both have debts (although his are my fault) and will both be filing for an IVA. Currently we have a…
Can anyone offer me Step-by-Step help with getting Debt Relief Order??
Ive decided that the time has come to stop ignoring my debts and get Debt Relief Order to get them all written off for good!! :o However getting a DRO doesn't seem as simple as claiming benefits, and so i was wondering if anyone/many people can help me step-by-step where i need it please?? I know all the facts about what…
Want an IVA - chance of success if I pay A LOT back
Hi, I currently owe around 24K, I've been on a DMP since Feb paying 290 a month but it really is crap. I pay argos 13 quid a month and 12 quid interest goes on each month, I pay my overdrafT, 25 quid, but it's over the agreed limit of 1000, I spent 1200 before I got on the DMP, so each month I've probably paid nothing off…
payment for DRO?
Hi, I have recieved my barcoded letter from the insolvency agency and am confused about the payment and cannot get hold of my CAB advisor. It says something about payment should be made in 10 days of date of letter. But you can pay in installments. Can someone tell me if the full amoubt has to be made in that 10 days or…
year 1 review scared
please help me , have been in an iva for a year now, have just been asked to do review of i&e for our mortgage we put down 1395 per month, 895 we pay as intrest only to building society & other 500 we save to pay off mortgage at the end of the term.We have now been told by friends that we cannot do this as the 500 should…
IVA: free advice v commercial agents
I am on a never ending DMP and about to start an IVA and want to see if anyone can shed light on whether non profit making organisations would be any better than a commercial agent in doing this. I had previously treated all commercial firms with great suspicion and always advocated the help provided by the likes of…
DRO - Informing OR of change of circumstances
I need to update the OR on a change of my income, having recently started to receive Mat Allowance - but our tax credits dropped with the last payment by £150 difference and are still awaiting the renewal to be completed as well as any difference from the last tax year to be sorted - then we are expecting a second baby…
Creditors meeting tomorrow
at 11.30am. Keeping everything crossed that its accepted. I'm paying back 55p in £ so hoping thats good enough for them. Wish me luck.
Thinking of an IVA
Hi so i've finally faced up to the fact that i'm 25 with £38k of debt which i just cant see a way out of anymore, i've juggled it for long enough, i feel like an alcoholic at my first AA meeting! anyway, i've worked in banking for years, i recently resigned and got a job in a building society instead which means i can get…
Can anyone recommend good company for IVA please.....:)
Hi there, Please can somebody recommend a decent IVA company, I am currently with Payplan, my debt is 16k and am paying back about £12040k made up of £150 x 22 monthes the £230 for 38 monthes. I dont find this shared equally and is this a standard how much they write off? Baines & Ernst are offering me £180 over 5 years,…
So confused, in IVA , got problems with it, may go bankrupt, help please :(
Hi everyone:wave: i am new to this site and i hope someone can help me ....... :S .... I am currently in an IVA. I am paying £150 for 22 months , then £230 over 38 months, with payplan. I did not realize this at time until i had signed and IVA was accepted ( silly i know ) but i had been advised from payplan it would be…
How is Windfall deducted from IVA?
I have an IVA for 6 years. I owe 27000, but am paying 200 pounds per month over 6 years to pay it. It states in the IVA agreement that in my 5th year my home which is mortgaged will be evaluated to see if equity can released. Before this, if I receive a windfall of 4000 pounds, how will that be deducted from the IVA? Will…
IVA affecting my tenant?
Hi I have an IVA and I'm renting out my property to a private tenant because I can no longer afford it - I'm living at my parents home. My credit rating is predictably poor since I nearly lost job and took a big salary cut but I had no idea my property would be black listed. Now my tenant claims she cannot get a credit…
To remortgage or not with IVA?
Hi, My husband and I are just 2.6 months into a potential 5 year IVA with W3 debt solutions. We pay £370 per month. When we started we paid £225 per month for 60 months, subject to review (wages increase have caused inrease). In addition, equity in our property that was estimated a t£30.493 then is to be realised at year 4…
Letting agent and IVA
I'm shocked! I posted in the house renting section yesterday about our problems with even getting viewings for places to rent. Finally we got a viewing yesterday, but the letting agent doesn't want to touch us now because I told them I completed my IVA in F&F in March i.e. I have now been discharged!! Doesn't make a…
iva questions -
hi there, to start with my i thank all on this forum for advice i have already read. i and my ex partner are considering an iVA as a way of managing the debts we have accrued debts. we bought a business which has now gone into liquidation but we incurred loans/CC debts when we where trying to keep the business afloat. we…
Trust Deed
I was wondering if someone could help me out. I have recently been discharged from an IVA (2008) and in that time i have been attempting to get my rating on the up. I have however noticed that information on experian is very wrong so been busy tryin to sort that out!! Can some please confirm when the info will leave my…

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IVA & DRO

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