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Trust Deed Scotland - HELP??!!
Hiya, I was hoping someone may be able to help me please. My mum and I entered into a mortgage together 4 years ago as we were both in debt - Mum £40k, me - £20k. The house was originally paid off when my dad died in 2002. Anyway I have recently tried to change the mortgage and by doing so have found out that my mum has…
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Cost of an IVA
Good Evening, Having heard that I'm going for a DRO my sister looked into doing it too but her car is worth over £1000. So she's now looking at an IVA after speaking to a company. They have said they will charge her £295. Is this correct? Many thanks.
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Empliyers still deducting attachment of earnings despite DRO
My husband had a DRO approved on the 20th dec 2011. However he is still being deducted money each week from his wages for an attachment that was set up in Nov 10 from a CCJ. The insolvency service have written to the employers but they still say they cannot stop the deductions until they get word from the actual court.…
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Well i dunno....
what went on with my dro but i had a meeting with my local barclays bank manager about opening a business bank account. He did a credit check infront of me as part of the application which showed up a default with Barclaycard (ironically) which was my old thomas cook credit card, but no sign of ever having a dro. It did…
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IVA Advice Needed ASAP
Myself & Fiance entered an IVA in april 2007 which i was paying every month without fail and in june 2008 my direct debit was getting returned to my bank account without reason, i let it go for 1-2 months and after trying to contact the IVA company i originally set up the IVA with i was getting no joy of communication. In…
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Lump Sum IVA or Bankruptcy
Dear Forum; I have probably asked this question, in different ways, several times before, but thought this time will be more specific. My situation in a nutshell, a failed business and CC debt built up when trying to get business profitable (over 6 years) has left me in £80k of debt. I have no assets. I was unemployed for…
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DRO & Bailiffs
Good morning, I am new to this board and would very much appreciate some help. I have been informed this morning by the CCCS that my partner and I fit the criteria for a DRO which I am very pleased about. We are just waiting for an email to confirm what we need to do next. Can anyone answer the following questions please:…
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Selling home at end of IVA
Hi All I finish my IVA on the 1st April 2012 so have 2 payments of £491 left, thank god. I was wondering if i could put my home up for sale this week with an estate agent, as by the time it sells my IVA would of finished and the legal charge removed.
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Dro or dmp?
CCCS said these were my 2 options, I picked DMP at the moment while I receive contribution based JSA but after that if I haven't found a job a DRO will be my only option. My question is bankruptcy has a stigma attached to it, its publish in the local papers etc, is the same true with a DRO? Or should I even forget about…
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Completion Delay Due to VAT
I made my final payment on my IVA back in August, I had heard that there could be long delays in completion due to IP's having to chase creditors so was not too worried. However having spoken to my IP I am now told that the delay is due to them having to reclaim back VAT (I assume on their fees). As far as I can tell I…
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DRO submitted, no word yet
Hi all, So on Thursday afternoon I dropped my signed form back into the CAB and then paid my £90 at the post office. Since then I have had no word and am not showing on the Insolvency Register and am now starting to worry. So what im wondering is if really the form that I submitted then has to be sent from the CAB to the…
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Post DRO, getting insurance & broadband
I am 2 years into my DRO and am starting to rebuild my credit. Ive have found that i can still pay my car insurance monthly and am not charged a higher rate of interest through the lending company. However i want to apply for broadband as i currently have Pay as You go, has anyone had any problems applying for NEW…
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Considering an IVA - Please can you answer some questions for me
Hello, After finally realising how much of a mess my finances are in & the admittance to myself I am considering an IVA after reading posts etc on here & read the cccs website. My circumstances changed a few years ago when my then employers tried to sack me for getting pregnant and after a long wrangle I left with a…
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freaking out a bit, whats the worst that can happen(dro)?
Im worrying myself silly! I was paid a PPI payout, whilst speaking to cccs - nothing had been applied for, just documents sent to me. I called up for their advise, as PPI was paid into an account with an overdraft, I didnt know whether to take it all out and split, or leave it there. They said, whatever the overdraft has…
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help and advice please
hi, my husband and i have got ourselves into a lot of debt (approx £25k!) through stupidity, loans cc etc. we are struggling now his ot has stopped and my wages have dropped and are considering an IVA having read about it on here can anyone give me any idea as to how much we would have left/ have to pay a month?between us…
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I have DRO but creditor STILL calling and adding interest?
Hi, It's the first time I've posted here, and with all due respect, the answer I'm after is so important to me that I'd be grateful if you only answer if you know you are correct, because otherwise I could end up in serious schtuck... I got the Debt Relief Order back in November and told all my creditors verbally at the…
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IVA Question!!!
Ha...thanks someone just pointed me in the right direction to this thread!!!! I am in an IVA and have just received a letter from one of my debtors stating they have transferred my debt to a company called PCO Holdco?? Can this new company now pursue me for the debt I owed to the other company who are named on my IVA????…
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dro order
i got 5 months left and want to know in that time i got left would they ask for any info thanks
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Do I have to use the closest intermediary for a DRO?
I live in a fairly small town where the walls have ears so I'd rather arrange a DRO elsewhere, with an intermediary in another town. Can I do that? I know a DRO is officially a public matter, but if nobody I know hears about it they will never look it up. Dave
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Should minimum payments be included in my budget?
Maybe a dumb question, but I can't find the answer. To get a DRO, I should have less than £50 disposable income every month after living expenses. But should I include minimum payments on my debts as a basic living expense? If the minimum payments should be included, once I stop paying them I'll have more disposable…
