-
Property
Hi, we are waiting to see a money advisor at the CAB re BR/IVA,we hope we can take the IVA rather than BR. i've been reading on the board and found sometimes a IVA seems to enforce selling your home &handing over equity at some point. is this always the case? is it possible to protect against that happening? if so how?…
-
What to do after DRO?
Hi, I was officially cleared of my debts two days ago when my DRO moratorium period ended ( going off the date in which it was approved). I'm really unsure of what to do now, in terms of rebuilding credit, contacting credit file companies etc. Should I receive a letter or some sort of notification of the period ending? Is…
-
IVA insurance wont payout.
In March 2007 I entered into an IVA with Freeman Jones where I was paying £325pm. 12 months ago our situation changed and we could only afford £200 a month. Then 6 months ago I had to give up my full time job of 15 years due to my partners mental health issues. It wasnt an easy decision and we'd been trying to cope, but I…
-
Inheritance money & DRO, please advise...
Hi Mods could this be moved think I have put it in the wrong part of the forum, thank you. Could someone help me please? If you receive money from a loved one who has passed on and you spend it doing up your home which is something you would normally find impossible to do as you are basically working just to keep a roof…
-
advise please, 4years 9 months in!
hi i have had my IVA for 4 years and 9 months was due to finish in january but in lieu of car that i needed to keep, i have to pay an extra 6 payments, which is not a problem. i have contacted my provider today who said that i need to release equity in my house or i will have to pay an extra year! is this correct, my iva…
-
Hypothetical Arrangement.
OK .. have been reading up as much as I can, let's see if I have this straight .... (figures rounded for ease of mathematics) ... and IP's fees disregarded. Debt £50k. IVA payment £500 monthly. So, repayable over the 5 year term would be £30k. In 4 years I would have "paid back" £20k, leaving £10k outstanding. At this…
-
Whats is best an IVA or Bankruptcy?
As the title, I have approximately £40k debt what is the best option for me?
-
getting charged for a dmp
Have been in contact with a company called cleardebt about doing a dmp they seemed extremley helpful but they forgot to tell me the hidden set up fees of £1000 and then a 17.9 % monthly fee. I thought this was normal until wife said she thought this was wrong,have found a recomended company called payplan with no costs.any…
-
IVA and DLA
Hi I have been talking to payplan about a possible IVA and have been told that I may need to use my DLA as income. Is this right? I basically get my DLA to cover my disability needs. I also reduced the amount I allowed for travel to a ridiculously low amount on my budget sheet as I thought my DLA would be left in tact and…
-
Replacement car while in IVA
I am about 9 months into my IVA and my car has packed in (turbo blown :mad:) - it was not economical to repair (would have cost £1600 for a car worth £1300). My brother has very kindly given / lent me the money to replace the car. How should this be notified to my IVA supervisor (CCCSVA) - I feel I probably should tell…
-
would like some advice
i am in an iva at the moment, I have a disabled son and we have had a realy tough year I am off work with depression but luckily getting paid, my company are wonderful and have approached a charity for a grant to pay for a holiday and to get the children a christmas present each, we havnt had a holiday in four years and…
-
Advice Needed
Hi ... need some advice as Im not sure what to do now .. I have been in an IVA for nearly a year ( its signed up for 6 years) after reading some of the reviews of the company I am with ( and my personal dislike) I am wanting to switch company They charged me over £500 upfront by way of 2 payments before they even went to…
-
DRO's and pensions
Hi all, Sorry I've not been around much, I will be back! Just to let you all know that there is to be an 'important announcement' re DRO's and pensions on the 19th November 2010, Hope it's good news. DD
-
Trustees on Childs account
I did put this question in the middle of another thread, but the title was clear and it might get missed. We are just at the starting stages of entering into IVA's and are the Trustees on our 4 year olds savings account at the Halifax. As we both have Halifax credit cards at the moment, Halifax will drop us from our…
-
telephone calls from creditors
My OH has an IVA and on monday this weel he was called by Barclays Partnet Finance saying that his payment hadn't been made he told them he had an IVA and they said they hadn'y had the paperwork for it, He has contacted his IP and they daid that they had had the paperwork and knew about the IVA and that they shouldn't be…
-
What happens after a failed IVA
I have posted on here a few times. In the summer I was separated from my husband and unable to pay my debts. After lots & lots of research it was either down to BR or IVA. I was advised that as I had no money at the end of the month and my property was in negative equity i should go for BR. This would have meant that…
-
allowable amounts in an IVA ?
hope someone can help , we are just about to do our 4th year review and really struggle with the figures allowed to us, just wondered if there are some sort of set guidelines for things like food etc as we want to put a slight increase down as the cost of most things has risen and it gets harder and harder to cope. any…
-
Confused over 4th year review
I have just had my 4th year review and they have not mentioned anything about any equity release in my property. Is this normal or should they tell me to get a valuation? As for the valuation I am 10k negative equity so would I be correct that if my property is in the IVA then at the end of year five my Iva will end, as…
-
Latest insolvency figures
Here are the latest released insolvency figures http://www.insolvency.gov.uk/otherin...1011/index.htm Basically Bankruptcies down DRO's up IVA's about the same
-
Usual IVA concerns
Hi all, Have just taken the first steps towards IVA and sent off my life history for the IP to make head or tail of it. One of my (smaller) creditors is the Halifax with whom I also bank! Having read about offset I am in the process of opening a new current account with Nat West ---- looks good so far with that…
