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IVA & DRO

Archives for August 2010

IVA first stages...
Hi everyone, spoke to National Debt Line and got some info from them, i then contacted IVA.COM and spoke to sue from there, she setup a call with Lifeboat Debt who are going to deal with my IVA, just sorting out the paperwork and i need to submit a house valuation, whats the best way of obtaining a valuation without…
How is the length of IVA calculated
I am in the process of figuring out whether an IVA or bankruptcy is the best option for me and I just had a few questions about IVA. How is the length worked out? If I really really budgeted, I could have a surplus of £500 per month - would this mean my IVA would be a shorter term than if I could only pay £300 per month?…
Notice of dissasocciation from family member with an IVA
18 Years ago my husband and I very naively went into a three way mortgage with my mother in law, as on paper we could not afford the payments. She has never contributed to the mortgage. Last year her debts came to light and she admitted she could not afford to pay them although we gave her over a thousand pound to help her…
Final Payment
Haven't really posted in here before but just thought I would let you all know, especially if you are only started or starting an IVA that the time does pass quickly and you will get there. I started my IVA in July 2005 and make my final payment on Wednesday then I am free as a bird :j cant wait to make the payment and…
Chase Saunders nightmare
Hi folks Schwalki here. Long-time lurker on this website & only now, after the day I had yesterday - decided to post. I have been in a DMP for the last six and a half years with Chase Saunders. I found out yesterday afternoon that they went into administration in June. I found this out by getting a call from another DM…
Getting a mortgage whilst in an IVA?
Guys is this possible. appreciate any help. Thanks.
filing for IVA this week
Dear all, I have my 2nd interview with an IVA specialist in Friday. I have a total debt of around £65,000, the specialist has advised my that my wife will also have to be put in for IVA, she has a debt of £20,000. Q: Is this the case ? I was hoping not to include her as she has plans of opening her own business in the next…
What do I have to hand over during a IVA?
During the course IVA what do you have to declare and hand over? If we were to recieve the money from a savings scheme we are paying into, would we have to hand over that? Its due out in 2013 and is about £2,500 each. The IVA would more than likely just be in my husbands name as he is the owner of most of the debt. What…
IVA with Taylor Cavendish
Hi, I have just entered into an IVA with Taylor Cavendish - I have been advised that i will be oaying £200 per month for 5 years, then all my debts will be written off. The at the 6th year my credit rating will be returned to normal. I am just feeling a little insecure about this - any advice or information? Anyone know…
can I do this??
This is my first time of posting although I have been reading this forum for a while... I am currently a financial advisor (please no laughing) :o with a big high street bank, but have unsecured debts of approx £31K dating back way before I started this job. My income has always been sufficient to meet my debts, however my…
Completed IVA - overpaid, return cheque received in maiden name, will I default??
Hi All, I have just completed on my IVA – I have yet to receive the certificate of completion. I contacted the IVA Company prior to completion to check if the IVA was definitely going to complete and if I needed to cancel the standing order. They were very vague in their response, they did not confirm whether it was coming…
just checking...ongoing costs car repairs etc
Hi, I am about to enter into the 2nd year of my IVA. I have just had to have the car repaired and my IP has knocked that amount off the payment for next month. (fine but glad I had enough funds to cover it before then). He told me that this cost will be added at the end of my IVA or I can split the cost and add it to the…
first post ...early stages of iva
hello, not sure if anyone can set my mind at ease . ive been reading this board for a few days. my husband and i have amounted debts through loans and credit cards to around 40k, and have been keepin up with all the payments albeit minimal payments. We had a call from the money group and endin up discussing these debts…
Rebuilding my credit score during my IVA
Hello everybody, Looking for some advice on preparing myself for life after my IVA as I intend to get a mortgage. Is it advisable to try and repair my credit and build my score during my IVA? (I have just over 25 months to go before its due to end) I was thinking of using the creditbuilder facility on My Cash Plus credit…
Some advice please
First of all hello. First post. My girlfriend entered into an IVA before we got together. Glad to say that we did get together :j and she moved in with me in Feb. She wrote to the insolvency agency and informed them that shed moved and rent had gone down slightly with all else much the same. Now theres a review due on her…
What happens at the meeting?
HI Just got my date through for the creditors meeting (phone call). What happens in this phone call? Is the creitors phone call date the start of your IVA? (providing everything has been accepted by the creditors) Thanks for the info so far.
Savings in an IVA
At the moment, I have no savings, but with overtime at work, I am looking to put something aside during the course of my IVA. I know that any overtime over a certain amount I have to declare it and give a certain amount to my creditors, but the remainder I wish to save. Am I able to do this or is saving frowned upon? Is…
Paying an iva off early
If someone has an iva and wants to use money given by somebody else what is the best way to do it so it is accepted. If they send a cheque for the remainder of the balance minus the fees would it be automatically accepted. They want to get out of the iva due to the stress/ affect on future financial issues thanks Karen
what happens
What happens at the end of the 5th year in your IVA? Do you have a final review? Or is it a cacse of just make the last payment and wait for the completition certificate? Thanks in advance
Worried about IVA future - please help!
Hi, I'm concerned that I may find myself up the creek further along my IVA and don't know what to do about it. I've recently had a letter from the Student Loan company saying I need to start paying them just short of £80 per month. Up until now I've deferred it each year as my wage has been less than the threshold. Payplan…

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