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Iva accepted
Just found out at my creditors meeting on Friday that our IVA has been accepted, even though only 19p in the £ and N/Rock being the main creditor on a together mortgage. Only modifiaction is extension to 6 years, no requests to go interest only. I have just today received a tax return from Inland Revenue, if I bank this in…
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lloyds tsb and iva
Hi all, i have posted a few things on here already, i was just wondering if anyone has dealt with lloyds tsb as their main creditor and if they generally seem to be accepting iva's? lloyds make up over 75% of what i owe and therefore i understand it is basically all down to them to agree, and my other creditors dont really…
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Getting mailings from companies
Since starting our IVA back in September (6 months already :j ),we have been getting junk mail from companies saying they can reduce this that and the other. I have read the sticky about these mailings. Do I just ignore them or do I have to advise my IP I am being approched?
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Stuck with supplier for next 5 years?
Quick question. I am in an IVA. Am I stuck with my current telecoms/tv/broadand supplier for the next 5 years?
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Parent is a creditor - Letter of account
Hi My mum is one of our creditors. As part of our IVA she is being included as a voter but has agreed to waiver her rights to a dividend. Our IP wants a letter from her but I am unsure of what to advise her to put in to it other than '£x was borrowed in Feb of 2008. £x has been repaid. The money was borrowed to pay xxxxx'.…
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Really Need some advice on DRO and Moratorium Period
Hi everyone, First thank you to everyone who helped me, its been a long while since I posted mainly due to my on going fight with my bipolar condition. I have some questions about the DRO and the Moratorium Period and discharge. As I currently have a DRO and its about to be discharged very soon, i do not know what to do…
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Decision time???
Hi all, have followed the forums for a while but only just joined. Bankruptcy or IVA? Bit of a complicated situation, but eager for opinions... The time has come to make a decision, jointly with my fiance, including negative equity in a property which is rented out (£20-£30k), mortgage to rent deficit of £400, Personal…
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tax rebate,should it be included in IVA?
Hi All, We are just about to start joint IVA application for my wife and myself, my wife is due a small tax refund (around £325), for this year 2010/2011.As this tax refund is not a windfall,and will probably be claimable before IVA is set up,but maybe would receive it after,can she keep this herself or should it be…
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DRO Question please.
Hello (I posted this on the main board and was advised to post it here) I am after a bit of advice, not sure if anyone will know the answer to this though. I am considering applying for a DRO, and having read around on the deptplan website and the debt relief order website, I still can't find any clarification. I am…
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DRO Question please.
Hello I am after a bit of advice, not sure if anyone will know the answer to this though. I am considering applying for a DRO, and having read around on the deptplan website and the debt relief order website, I still can't find any clarification. I am wondering how it works really, I mean would both mine and my husbands…
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Advice please
we have been advised that bankruptcy is the best option for us, however i have been thinking about nothing since and wondering whether IVA is the better option to go through. and you never know who to trust even the charities i have been told are funded through the bank so i am so lost so any advice would be gratefully…
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Help please - Advice most welcome, thanks!
Hi everyone, first of all I am new to this website. Basically have been through a tough time last couple of years. Got caught out in at the height of the property boom buying a house that I didn't know I couldn't afford. Couldn't sell my other house and had to rent it. Sold the expensive house before Christmas and got a…
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Desperate Advice needed re DMP/DAS's and CAB please!
Hi We are in the very early process of applying for a scottish DAS through the CAB. Firstly, the CAB have written to all our creditors to ask our balances. CAB also last week told us to cancel our DD to all our CC so we could live this month(we have been sinking deeply however have always made our payments). So, phonecalls…
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IVA and lump sum offer
Hi We are at the start of the process of filing for an IVA. After speaking with my IP's administrator it was decided this was the best option and to go for monthly payments over 5 years. However we never discussed the option of a lump sum payment and after talking with my mum and a very good friend this morning they have…
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How much in the £?
Hi guys how do you roughly work out how much you are paying back to the creditors in the £? Not sure of the calculation :o
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Which IVA company?
I am currently considering... 1. Mccambridge Duffy 2. Melanie Giles I would appreciate members views on which they went with and who they would recommend? Thanks
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To IVA or not to IVA??
Okay I'm new and confused!! We have been advised by 3 different companies to either go for bankruptcy or an IVA because of our debt situation. We are near to choosing one for an IVA, they seemed OK but I have read so many conflicting reports on the forums that I'm sort of panicking!! Our discussion meeting is at the end of…
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And so it begins
Today we sent off the paperwork requested by our debt advisors! its scary to think that today is the start of us hopfully getting debt free! we have been so busy past few days getting new bank accounts sorted direct debts cancelled or changed, income informed of change! jsut got 2 more accounts to clear and close and we…
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IVA - one step closer
Thanks to all of those that helped me get to this point. After 3 months I have eventually got an agreement that I am happy with, and after lots of amendments I have now signed and returned the forms. I am now awaiting my creditors meeting date (filled with fear of a rejection). The amount is now down to 18p in the £ but…
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Cards Affiliated to Banks
Hi, I have just entered into an IVA and First Direct are closing the current account I have had, unblemished, for 16 years - and without ever using the overdraft facility! Nice, eh?! So I am now looking to open a basic bank account but where can I find out which credit cards are affiliated to certain banks? From reading…
