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IVA, house tied in and seperated from wife
Hi, need a bit of advice. My house is tied into my IVA so that equity can be released in year 5. I have just seperated from my wife and am currently moving out into rented accomadation, if I am removed from the mortgage is the property still legally tied into the IVA?? My wife needs to know as she is goint to be living…
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IVA, the "Common Financial Statement" and funeral expenses
although nearing the end of our IVA (originally with DebtMatters, then transferred to PayPlan) I have been trying to find out what 'categories' are on a Common Financial Statement as I have encountered a couple of things which have left me a bit baffled. Last year we put on a sum on our income/expenditure form for our…
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Just in process of starting IVA - CCCSVA
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IVA and Car written off
Hi there, so, 4 months into IVa and everything going well, but my car has been in a bad accident and has now been written off. I need to buy a new one, just not sure what the 'rules' are regarding letting the IP know and what I can spend. EG - paid out £1500 from insurerers, but if my sister GAVE me £300 towards a new one…
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IVA and protection from default by my ex.
Hi, am total newbie and hoping you can help. My ex partner and i have a mortgage shortfall on a joint loan. I have made preps to pay off my half of this shortfall over a period of time (total debt is 60k), but have concerns over my ex partners capabability to make all his payments, I am very worried that the building…
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HELP!!!! IVA, credit checks and getting new bank account.
I have an IVA and this has been running for nearly 4 years, I want to check my credit history but don't have a credit or debit card. I also want to open a new bank account with a debit card. How can I check that my credit history reflects the iva and that its being paid? please help!!!.....
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IVA but want to rent somewhere new...
Hi, this is my 1st time so bare with me...Both me and my husband have a joint IVA which we have just started. We are in privately rented accomodation at present but need to move due to living in front of 4 lanes of traffic on the A1 and my husband being mentally ill. (He's been in hospital for 6 weeks now) I have been…
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IVA completed!
Hi all, I just wanted to say that we have just paid our final IVA installment:j:j:j and to let those of you undertaking one that there is light at the end of the tunnel. The 5 years have been extremely long and hard work but we are so happy that we have finally got there!:T There are a lot of bad publicity stories…
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IVA and the Halifax
Hi, I have taken out an IVA due to debts with several credit cards and an overdraft on a Halifax current account. The halifax account was in joint names with my wife, but I was told that this was to be included in the IVA. There was an agreement that an allowance of £50 a month would be put down to my wife for her share of…
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Debt Relief Order - right for me?
Hi there, I've been looking up debt solutions this morning and I've come to the conclusion that a DRO might be right for me, but I don't know a great deal about these things and I'd like some advice from those who do! I'm starting university in September and am 20 years olfd. I completed 1 year of university in 2008, and…
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Debt Relief Order - has anyone done one & could i please have some advise
Hi I am currently looking in to doing a debt relief order & I was wondering if anyone has completed one & if you have any advise please. I was working really hard to pay off my debts but I have now gone on maternity leave & I know I will be struggling to pay off my debts now I have managed to get them down from £14,000 to…
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Advice regards what to do with cash
Hi Everyone, I am currently in an IVA. I have just gotten an new contract with a new company and I am making more than 2.5x what I was at my previous job. Now I am almost two years into my IVA. My IVA is only small (sub 20k) and on reflection it was a super bad idea. However.... The amount I am paying V the amount that is…
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quick q...do you have to be in arrears to do iva
As headline says...other half is only just scraping by to give CC and loans the min payment..he is going to struggle soon as divorcing and he gets nothing...so does he have to be in arrears or can he start an iva now ? Thank you
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Remortgaging & IVA
Hello My Wife and I are currently 1yr & 5 mths into a 6yr IVA and this month our 2yr fixed rate mortgage is coming to an end . How do we stand on getting another 2yr fixed rate or any type of mortgage or will i just have to stick with what my mortgage will be after 2yr period ends. there is very little equity in the house…
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New Insolvency Figures
The Insolvency Service have released the latest insolvency figures today. As you can see you are not alone if looking at an IVA http://www.insolvency.gov.uk/otherinformation/statistics/201008/index.htm
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IVA and hiring a car
Is it possible to hire a car when on an IVA? I sometimes have to hire a car with my job . I use my credit card to book it, then I have to produce the same card that I booked on when I take hold of the car.I always get the money back. My question is if I go on an IVA will I be able to hire a car.I am hoping to get a pre…
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so confused with iva and insolvency fund
my job has been terminated in the past few weeks but im in need of answers that no one seems to have to start off i know the amounts of basic entitlement so no need to go into that however there is still a few questions my employer was a sole trader, he stopped trading without giving me notice one day when someone who was…
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Charco - Q ref IVA
Hi Charco, firstly let me thank you on the behalf of all the people that youve helped with advice over the last few years. It's always very helpful to have info from someone who deals with these things on a daily basis. Just a quick question from me re full and finals. I'm into my final year now and paying about £1k per…
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How to improve my credit rating after a DRO
I have currently got a DRO debt releif order, which is due to end next month. After that my debts will be written off. I am interested to know what state my credit rating will be in after this and how i can improve it ( not that im wanting anymore debt or credit) but i just want to start afresh and get my rating back on…
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Bank account
Why are we penalised if in an iva , we can only have basic bank account . In this day and age it is extremley dangerous to keep on going to cash machine to draw out money and have to carry cash around with you . I have a pre pay cash card but again you have to withdraw money out to put on , so you are carrying cash around.…
