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really need advice
last year we entered into an iva, at that time we were claiming tax credits and both working. now we've had our tax credits cut as my wife had her hours cut, and the child care element was totally reduced. so we were £500 short each month according to the iva advisor. they told me to petition for bankruptcy by i have a…
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some advice required for Debt Relief Order
I have a total debts of some 8k which were accumulated over the past 1 and 1/2 years. I'm a university student and I used to work part time. However, I lost my job recently and I could not see myself getting employ in the near future. I must admit about 60 percent of my total debts were caused by my bad habit playing…
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Is anyone else an accountant and in an IVA?
I started my IVA in March and am an accountant although not working in practice at the moment. Before starting the IVA I spoke with someone from my institute (icaew) who said as long as I kept them informed I wouldn't have my membership revoked, which would happen if I were to go bankrupt. I therefore let them now but…
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DRO application advice needed please
Hi I am applying for a Debt Releif Order with the help of National Debt Line and am completing the first set of paperwork they want returnred. I have a "creditor details" sheet to fill out which asks for The original creditor name and which debt collection agency it is now held with amongst other bits of information…
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Equity release in year 5
Hi I have 4 months left of my IVA (or rather I hoped I did). The original arrangement requires an equity release of £37k to complete the IVA. I've just spoken to my mortgage provider today, and despite having ample equity, they point-blank refuse to consider a further advance. Having done a bit of research, I suspect this…
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Advice on debts included in an IVA
Hi Im asking this on behalf of a friend who has split up from her husband. He has entered into an IVA, about 5 months ago, and included their joint bank account overdraft (2k approx) in the IVA. My friend is now being chased by a DCA for payment towards this debt. Is she liable for it although it was included in her ex…
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Help and advice needed please x
Hi, I am considering an IVA or bankruptcy and would appreciate some advice on what would be best. My situation is that I have about £45k worth of debts in loans and credit cards which my ex-partner totted up during an abusive relationship transactions under duress and fraudulent transactions. I am currently in contact with…
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Letter from Link Financial 1 year after IVA completion
Hi everyone, I completed my IVA just over a year ago and once I'd received my certificate did the post IVA credit file clean up as recommended on the forum. All was well and good apart from a small glitch with Nationwide who didn't update the default date correctly. So I've been happily debt free for the past 12 months…
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DRO - Old account not heard from??
Hi just looking for some advice on DRO for my partner. He has debts of around £11.5k that he is looking to do a DRO for asap, I can't see any reason that it shouldn't go through as he meets all the criteria. The only problem is on top of the £11.5k he has about another £2.5k from an account he hasn't heard anything from…
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Help elec being cut off
I have being having murder with electricity supplier. My girlfriend lost her job in december and we got into arrears. She now has a new job and have asked several times to begin repayments of £120.00 per month. First of all they said they wanted to fit a card meter but now saying they want to cut me off. That is ascary…
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IVA approved
Well, my IVA got approved Wednesday lunchtime, very strange creditor voting- Barclaycard rejected mine but approved hubbies but it didn't matter as the largest creditors all agreed. Feel happy that its sorted but also a little sad aswell to admit that we're "insolvent" Just looking forward to 5 years time when we'll be…
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my incoming and outgoing - what would i pay?
hi Been advised by CAB today to go down iva route, but I am a little confussed as to how much i would have to pay each month into the iva and hoping you guys can help please?, i have debts totaling 21k and these are my incomings/outgoings monthly - Net wages 2220 (partner also receives 2 x 10.50 child tax credits and…
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do you have to be a homeowner?
hi do you have to be a home owner to have an iva?:think: tia
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Into the last 6mths of IVE & no equity?
Hi & hoping someone will be able to assist. My husband I are in an IVA, which is due to end in Oct 2010, so 5mths left to run. I am just sending back our payslips etc for the last 6 mths and called my IP to confirm what happens between now & Oct 2010. I have been dealing with a lady who has now left the company, so spoke…
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Fed up of waiting for DRO to be processed.
Has anyone managed to get the BR fees from a budgeting loan before? I am thinking of just going bankrupt instead but a budgeting loan is the only way i can get the fees sorted.
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debt help desperate
my husband and i have about 55k in debt. i am currently not working as have four chilren one of which is a new baby. we are currently going through cccs on a dmp but one creditor has passed on our debt to directlegal who are being nasty. on dmp we wont be debt free for about 29yrs should we consider an iva please deperate
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Annual reviews.....
Can anyone tell me what happens at your iva annual review? Do they ask you for your whole years bank statements and pay slips or just the last 3 months worth? Our iva was only approved last week and just trying to find out what's in store for us!
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Loans to friends/family
Morning Peeps. I'm contemplating applying for an IVA. Can anyone tell me what priority is given to monies owed to family/friends. I owe my mum about £3,000 and pay her £125 a month. Would this debt be recognized? Would creditors allow me to continue paying this? Thanks, FCC.
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eBay sales - windfall or earned income?
pre-IVA I used to buy and sell bits and pieces on eBay as a hobby - mainly clothes, books (just stuff I don't wear/use anymore). Would selling some old clothes or jewellery on eBay count as windfall (100% back) or income (allowed up to £130 then 50% back)? Also, I thought of making jewellery to sell at car boots (safe…
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my ex wife owes me 10k
Hello as the title says my ex wife owes my 10k and she is going into an IVA. When we split she stayed in the house and she gave me a pay off with 10k being held back until shares she owns in her company mature.Just wondered if she does do an iva will i be classed as a creditor and not get my whole 10k? cheers
