We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

IVA & DRO

Archives for April 2012

kids inherritance
Hi, my kids are about to inherrit several thousand pounds which I know is safe from the IVA hands. My query is:- I have coop accounts and savings accounts but they are refusing to open accounts for the kids because of my credit checks which seems bizarre are I am requesting 2 future funds accounts that have no credit…
Is my equity safe?
I have just this week requested that my iva be settled early. My dad is going to put up the money & I have offered £3000. I have 12/13 months left @ £306 so by the time it's processed that should be more or less what I owe. I have done this because I have had a builder offer to buy my house. April 2011 was end of year 4for…
what way to go
Dont really know where to start and i know this will be a rambling post that might not make sense!! But hopefully some people out there can pick the bones out of it and we can go from there. Bought a house with my ex however about 3 years ago we spilt and she moved home, i couldnt afford it on my own without living like a…
IVA & business owner
I am confused - can you still be a director and have an IVA, my company is tiny.. and i mean tiny.. and i am really struggling
Adding a debt to my IVA
Hi all I'm having a little trouble (so does everybody else it seems) in understanding how the following works and what I should do. Basically,I have been in an IVA since june last year and all my debts were covered.I had an ongoing mobile contract which had ran smoothly for years. a bit later in the year I had incurred a…
Debt Relief Order
Hi. I have in force a Debt relief order 29 March 2012. One of the Debts that is included in that order is a company called Fashion World (JD Williams). I have forwarded the Debt relief Order to their Credit control as Attachments Copies. But they are Still Harrassing me with persistant Phone calls one of which is a…
DRO and defaults
Afternoon all, I was issued a DRO on the 6th May 2010, this was for four accounts as listed with the ammounts as of DRO paper work; Halifax CC - £3368.71 Halifax current account - £148.92 Hutchinson 3G UK LTD - £800 Shop direct finance company - £771.05 After checking my credit report today I found out the following;…
Should I settle early?
Hi I'm just about to complete year 3 of my IVA and have 25 payments of £200 left. I own my house so have the clause where they will look at my house in 4th year and then if I can't remortgage to release equity they will add another 12 payments onto the IVA. My situation has changed a lot since starting the IVA. My husband…
Yay - Creditors Meeting a Success! - Accepted
It's a long journey ahead now but I've been accepted on the IVA first time round at 26p in the £ which I think is fantastic (And realistically what I can afford)...Made my first payment only 59 left to go...
Full and final settlement options
One of my relatives might be able to give me cash for full and final settlements of my debts (yay!) but what can I do if only some of my creditors accept? Assuming they all get an equal share, I could only offer them about 40%. Logically they should take it because my next best option is a DRO, where they get nothing, but…
Open University student budget account after DRO
Anyone had an OUSBA account after discharge from a DRO? I know they don't accept currently insolvent people, but what about after the 12 months is up?
full and final
Hi all was needing some advice please. A fter speaking to a good friend today about my iva she has offered to give me 5k for me to complete my iva. My question is i have 22 payments left of £370 pound and my job is at risk at the minute and i feel i wont be long there now as i feel it will more than likely close. My boss…
Childrens Bank Account whilst in Trust Deed
Our second child was born recently, we applied to the Co-op Bank to open a bank account for him, we are both in Scottish Trust Deeds, the application was rejected, presumably due to our circumstances. Will we be able to open an account for him at all, or will our circumstances prevent that? Cheers Dave
Mortgage after a lump sum IVA?
Dear f\orum; I hope to complete a lump sum IVA in a few weeks, and have the IVA closed in a few months. I am starting to look forward, after the IVA, and I expect some readers may be sniggering at my naivity, but I am keen to attempt to buy a house. This might be made easier since my partner has an excellent credit rating…
Help please
hi i am new to this
Help please for a friend
my friend is currently in an IVA with Vardan Nutall, she is in receipt of CSA payments for her child it would appear on face value that the CSA payments are being incorporated into her monthly expenditure. Is this correct, should the CSA payments be incorporated into the IVA or sent to a separate bank account to look after…
DRO & Joint Debts
Hi, My Husband has under £15000 of debt in his name but we have loans in joint names that aren't included in this. Can he have a DRO for the debts in his name only as the creditors will only come after me if he can't pay? If not looks like BR is his only option.
DRO help please!
I m seeing the CAB about a DRO. What I would like to know are what the limits of bills and stuff are for my income and expenditure form. Basically, I am a single parent to a nearly four year old and i'm confused about how much I can have for food shopping and stuff. Does anyone know what the limits are? I hope that makes…
Year check
We have been on IVA for nearly a year now they have just asked as to do a income/expenditure report. Despite us giving them all documnetations/payslips ect they seem to have got all our figures wrong.. they took DH overtime as 'wages' increased child tax credits / housing allowance much more than we actually get? worked…
Life after an IVA
I'm hoping that somebody out there can help? My husband and I entered IVA'S 5 years ago,we were told that we had to do 2 separate IVA'S. Mine went through straight away paying back 100% in the £ but my husbands failed so the ISP gave me the numbers and I had to contact them myself at the same time my hubby was undergoing…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

IVA & DRO

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

IVA & DRO

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free