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IVA & DRO

Archives for December 2010

Amount added to IVA - LEGAL ?
Hello there, I have an IVA problem in which could be good for me or not. The thing is Egg is my MAIN CREDITOR in my IVA. It holds the largest amount in my IVA at £ 12,517.29. I am 3 months from starting my 4th year in the IVA. The problem is that Egg has ADDED an ACCRUED INTEREST amount of £ 384.72 to my loan AFTER a PPI…
Ending IVA early
Evening (morning rather) all, I'm roughly 2.5 years into a 6 year IVA which, if I'm honest has had me feeling down since it started. After reading up on plenty of threads here for the past year or so I'm wondering perhaps whether I was pushed into it. Anyway, my monthly repayments of £269 have been going well. However a…
Iva and hsbc
Hey, Advice would be really appreciated ;-) I'm currently in the process of entering into a iva - I have opened a hsbc account as a safe account as it wasn't one of my creditors, however from reading previous post it seems hsbc close accounts down once you enter into a iva... Could u please advise Thanks :-)
Are MBNA and Co-Operative Bank related
Hi there Im in the process of gathering all my statements etc so I can apply for an IVA. I have opened a new Basic account with the Co-operative Bank for my salary to be paid into. However I noticed on the MBNA giro slip it has Cooperative Bank... Could someone advise me please?? Thanks
6 months into iva circumstance change
hi new to site so thought would try and seek advice am 6 months into a six year iva paying 380 a month . at moment am living back with parents after marriage split few years back am looking to getting married with my new partner and moving in with her later next year how will this affect iva as new partner has 2 children…
Individual DRO's for myself and my partner?
Hi, Just want to know if it is possible for myself and my partner to take out individual DROs? Combined, our income, assets and expenditure meet the criteria, however, combined we have debt over £15,000. I owe about £13k and she now owes about £7k (we only have one debt in both our names of about £500). Therefore would it…
Full and Final IVA
Hi, I need some advice. We have debts of just over £56k,most in my name a couple of small things in my wife's name(she didn't know, I thought I could sort it,kept hoping overtime'd come back). I got into a mess,salary dropped a lot and basically I used credit to try and keep things going-debt spiral,the mrs is devastated.…
IVA and windfall before the creditors meeting.
I've been going through the IVA application process for some time. I expect that there will be a creditors meeting in the new year. I'm aware of the windfall clause when the IVA starts. However today my Mother-in-law died suddenly and I'm aware of a small inheritance that is likely to come our way. I guess I will inform…
please help me - really dont know what to do
hi ok so we have just started our 4th year of our iva and have it written into our iva that we will pay the sum of 10k by way of remortgage . now when we started the iva this was not a problem, we had easily 30k equity in our house, fast forward to now and we have no equity due to the drop in value. now i have been reading…
Anyone know about trust deeds or are on one?
ignore please :)
dro
hello all im near the end of completeing my dro and have been offered a new job and it about £170 p/m more is it worth taking the job? how will it affect my dro?
Just found out my husband has done an IVA
Hi all. My head is still spinning from when I opened the letter and found out my husband took out an IVA. I had no idea why he did this till an hour ago. We are in debt by nearly £19,000. I knew we had £4,000 on credit cards but thats all. I feel like my world has come crashing down around me. He is the only earner, with a…
Do I Do an IVA
my question is do i do an IVA. we are currently on a DMP paying back GBP200 per month to our creditors, our overall debt is 38,000.00 which is excluding a secured loan of GPB 785.00 per month and 194 on a mortgage. our basc income is 1100.00 + 1200.00, however i sometime get more if any overtime is available, but this is…
Meeting this morning!
...Well, lunch time - ish. As of wednesday lunchtime no creditor had responded at all ---- they certainly like to leave it to the last minute !!!
DRO: Debt in my order been sold on?!?
I was accepted on my DRO on the 26th November. One of the debts included on my order was for Santander £650. It seems that while the application was being submitted that they sold the debt to company called RED. They are no getting very heavy with demand letters, mentioning ccjs and have recently sent round a man to…
Debt Relief Order Questions
I was wonering if anyone knew the answer to this as despite searching I cannot figure it out. If someone was to get a DRO what would happen with a CCJ thay is in place with an attacment of earnings being taken
salary
an ahem friend who is about to enter an iva, has been offered a salaried post. it is his understanding that the iva will last for five years? obviously the iva will take a large chunk of his salary, leaving money for the bare essentials? q1? he has understandably a v poor credit rating and no savings. with this mind would…
Commercially corrupt bankruptcy advice firm shut down
"Between about October 2007 and June 2008 the core business of UKB was generated by leads provided by an organisation called the IVA Council , an unincorporated association which purported to be a voluntary independent body that monitored the insolvency industry. In reality IVAC was a marketing tool that generated leads…
creditors meeting today 3.30
Ok everyone please keep your fingers crossed for me, my creditors meeting is at 3.30 today so hoping it will be accepted and no increase in proposed payment. This would be a great start to xmas. Just wondering does anybody know if it is accepted do you think they can start taking payments from the 21st january so we can…
IVA and attachment of earnings
Hi my husband was left in a huge financial mess after his divorce, his ex wife got everything and he got given the family debts, this along with all the court bills saw him having to enter into an iva. Along with the house and 68% of his pension the ex got awarded £7000 lump sum, due to having no means of paying that money…

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IVA & DRO

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