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Scared and confused, please help!
Please could someone give me advise regarding IVA versus Bankruptcy. My situation is that my Oh and myself are awaiting a date for a creditors meeting with an expected payment of £288 a month if the IVA is accepted, but what worries us is that our surplus income is entirely from my husbands DLA.If he was to lose this then…
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Messed around by CRA'S!!!
Hi this is my first post and probably going to be a long one. I completed my IVA in march 2010 and am in the process of clearing my credit file. All defaults associated with the IVA have now been removed after much work on my part. I contacted all of the CRA's and sent them a copy of my completion letter asking them to…
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IVA and Compensation Query
Morning all, I have a quick question and am wondering if the ever-lovely Charco or someone else with knowledge might be able to help me. I've just been through several weeks of building-works hell with a contractor engaged by the Housing Association from whom I rent my house. They were - nominally - putting in a new…
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Advice Please - Credit Checks for Jobs!
Hi More Questions - Thanks for everyones advice on previous threads:) My DH is a Chartered Accountant and works for one of the big banks. Redundancies are a huge risk at the moment and with us both about to go into a DAS (a trust deed or bankruptcy was not an option because of his job) we have one major concern. New jobs…
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Creditors meeting date set for 11th April
We've just had word that it's set for the 11th April :eek: Our proposals show there is a tiny amount of equity in the house and in bankruptcy they would receive NIL. The IVA affords to re-pay 18p in the pound. Does 18p in the pound sound a realistic figure? I've asked the Q so many times I'm going round in circles, our IP…
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divorce fees out of the blue
hi im 7 months into my iva paying 380 a month it has just emerged ex wife will not pay court fees for divorce so if i want divorce i am gonna have to pay 385 to get it done does anyone know if you can ask your iva supervisor for a months break of payments to cover such emergancies as this as at the time of divorce and…
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when does this sick feeling go away
i applied for an iva last week ,,i got my first meeting friday,,just feel sick all the time with worry i hate it :(
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Setting Up An IVA. Creditor threatening they wont agree
Hi I am in the process of setting up my IVA and awaiting date for creditors meeting. One creditor called yesterday and basically said that unless I come to a seperate agreement with them they will block the IVA as they have more than 25% of debt. Is this legal. I advised them that as I have no assets than my only other…
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Scottish Trust Deed question
My husband is currently on a trust deed. He does not have a bank account so the standing order comes out of mine. His wage is also paid into mine. If he was to stop paying his trust deed, can they freeze my bank account even though its in my name? I know they can make him bankrupt.
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Guideline Allowances
Could some please tell me what the guideline allowances for food, clothes effect are please. Have had a look on the net but can't seem to find them. Am struggling to make IVA payments and would like to see what the allowances are. Thanks
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Help - IVA default / forcing bankrupcy
Hi can anyone offer any advice regarding this situation. After our recent IVA review, the creditor decided we could afford to pay almost double the monthly amount, when this is infact not possible. After several conversations with themselves they wouldn't budge on this and Citizens Advice confirmed it appeared they had…
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IVA and Stopping Direct Debits
Good morning all.... I have asked questions before with some great advice but please could someone answer the following before i apply for an IVA. I haven't fallen or defaulted on any payments so if i applied for the IVA would i continue to make payments until a decision is made or would it be that i would be advised to…
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Sent IVA forms in
Woke up for the first time in months feeling happy today :j Yesterday I finally made the call..... and started the process of an IVA for me and hubby. Got all forms together and faxed them off yesterday and am just hoping like mad that it will be accepted? any ideas on how long that will take? Iva payment should save us…
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Trustees
I'm aware that a Bankrupt cant be a trustee of a charity. How does it work for someone with an IVA?
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iva advice
i have just applied for an iva i feel sick with worry ,,but i know its my only way out i have opened a new back account so thats in place what i need to know is do i still have to keep paying my depts (the ones i can ) or just stop paying everything until its all in place
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Salary payment has been paid into my old bank account by mistake
Arrrrrrrrgh help! My last salary payment has been paid into my old bank account by mistake (as the originators were given my new bank details). This overdrawn account makes up a part of my IVA. The payment was made on the 18th my creditors meeting was Monday, is the the bank allowed to keep this amount, if not how do I get…
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Overtime Finished
My wifes overtime finishes at the end of the month due to cut backs. Cut a long story short, our creditors wanted a job that was 35 hours instead of the 17.5 the wife worked at the time. Her boss (NHS) gave her 17.5 hours overtime to make up the required 35 hours until further notice. This was explained to the IP who said…
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IVA and Self Employed
I have a creditors meeting set for 8th April. Having been on a DMP for too long my DMC recommended I apply. 26 years to repay my debts is too long, I'd be retired if I could afford a pension! I'm self employed and owe £35k due to my bad management, depression and several major illnessess in the family over the past 10…
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HELP - What happens if refused a DMP/DAS???
Hi I have posted previously about the beginnings of our journey to be accepted into a DAS. Today I have almost lost hope of this happening after a nasty phone call from marbles. we have a brilliant money advisor from CAB dealing with us and this week all our financial details and proposals goes out to all our creditors.…
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Help please with lump sum payment after F&F Settlement
Hi My partner had a iva with DFD and he negotiated last year a f&f settlement with DFD which I paid for him on his behalf. He started talking to DFD around september but DFD were very slow and in the end a lady in complaints sorted everything out and a creditors meeting was arranged. The F&F was accepted on the 7th Feb and…
