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. 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 January 2013

PPI claim in an IVA
Have a secured loan running with 5 year First Plus PPI, if I make a mis-selling claim and am succesful I believe it would not have to be declared to the IP of the IVA, has anyone else had experience of this? A slight complication is it best to let the 5 year PPI repayments period expire, then claim back the payments or opt…
Dro after being bankrupt.
Hi guys, I'm new here so please be gentle with me :embarasse I was made bankrupt in 2006, discharged 2007 after my partner left me in a terrible financial mess. For the past 12 months or so I've been struggling with payday loans, povident etc. All my own stupid fault this time. I've sought advice from the CAB, and I've…
Self Assessment and IVA
Hi first time user so I hope I'm following the rules. I am trying to complete a self assessment form for my boss who for the year ending Apr 2012 entered into an IVA. I do not know anything about an IVA other than its taken his unsecured debts including hits PAYE and VAT. I have spoken to the HMRC and they say his IVA…
Completed Lump sum IVA, but HMRC bill
Hi All; I am interested if anyone has any experience of this, I had a lump sum IVA approved and completed last summer. I am now completing my self assessment and I have realised I had some work in 2011 that is taxable, that I forgot to include in my IVA. My IVA was equivalent to 9p in the pound. The work was carried out…
Issues with Attachment of Earnings Order and IVA
Just a quick query re my IVA and an attachment of earnings order. Do I have to inform the court of my IVA to supersede my attachment of earnings order or is this done automatically? If I do need to inform them is there a special form? Also any money my employer has paid via the attachment of earnings order after my IVA can…
Delay in copleting IVA
Hi all, Until 2010 a director of a company and held personal guarantees on the business debts. When the company ceased trading I entered a full and final IVA with Varden Nuttall. This was accepted by my creditors and just over 20,000 pounds paid to Varden Nuttall on 15/10/11. As far as I can tell Varden Nuttall still have…
Please can someone help me with my soa, and money advice trust doing dro ,
Hello finally contacted money advice trust they are coming here on monday to try and sort out my debt relief order , spent the morning phoning creditors got all my balances comes in at 13,500 approx .Just wanting to know preparing a budget so I don't look daft when the gent calls , I receive carers allowance as does my…
IVA Companies faliure Closure Rant
Hi All It’s been a long time since I’ve been on the forums in factJune 2008 ! Any way we entered into anIVA and with some bumps along the way we finally finished it February2012. Had the Champers and strawberriesready to go!! With regards to the IVA itself my best advice is just keepfocused and disciplined. Always ask doI…
Is IVA the best solution
Hi I have just contact this site to consider an IVA.. however i have read up on it and i am not really sure if this is the best solution, I just need some help really before i jump into it with both feet My curren account, savings account and mortgage are all with the same bank. I am just worried that if i close my current…
Help to find intermediatry help advice needed
I spent the whole day from 7 am until 4pm yesterday going through my debts ,and my fianc!e debts and my finances .I phoned payplan and updated my creditors according to my experian file and recent letters etc. I checked my tax credit award and realised provisionally it decreases £70 per week from April .So I know I will…
How to divide household expenses when both applying for debt relief order ,help pleas
My partner and I are both considering applying for a debt relief order .I know our income of child tax credits ,working tax credits ,Carers allowance and a modest wage from self employment should be preportioned by splitting tax credits in half .However how do we divide household bills ? As all of them are in my name but…
Hoping to apply for DRO need advice please
Hi, im hoping someone can give me some advice please? I have approx 8000 in debts that I have been saddled with since my ex partner (who was paying them) was put in prison. The debts are all in my name so i was hoping to apply for a DRO and contacted the citizens advice bureau. While I was with my ex partner I lost my job…
DRO, problem with a CCJ on our report
Hi, Today we finally took the decision to start my wife's DRO process so we phoned Stepchange and they were great. They performed there credit check with callcredit and it came back as my wife having a £13,000 CCJ against her name. Now, we know nothing about this and have never recieved any paperwork or information…
Random phone call regarding old iva
Hi everyone, I've posted on this board before and received great advice, so thought I'd share the rather strange phone call I had this afternoon with you if I may. Firstly a short background- IVA done and dusted a few years ago, everything off my credit report etc. Anyway I came home to find a message on my answer machine…
IVA query
Hi everyone, I've got debts of about £22,000 (all "non priority") and have been getting some help from the Citizens Advice Bureau about what is best to do. I had a meeting with them and a Financial advisor from a company called Grant Thornton the other day and it was suggested that if i could somehow raise between £6000 to…
1st Credit contact after IVA
Hi all, got phone call and then letter from 1st Credit, claiming settlement of a credit card from Opus (formerly Citi) this has been assigned to the dca even though it was settled on my IVA 2years ago ! How can I get them to believe me? Opus had agreed in writing that the account should be marked settled with the credit…
DRO advice needed.
I have a secret debt of £9000, all I have to show for it is my car which is worth £3000, obviously if I sell it, it means my family that I live with, and my other half will know something is wrong. I have lost my job and cannot pay my credit cards. I have to file for a DRO, I'm just wondering if there is a way around…
Redundancy and full and final settlement offer
Hi, I am about to be made redundant. May this year will be 4 years complete of a 5 year IVA with a monthly payment of £232. My redundancy lump sum will be £27500. Getting work with a similar salary will be very difficult and I have a big mortgage (approx £126000). What would be a reasonable F & F settlement offer? Paid in…
Considering a DRO... Advice needed with rent. Please help!
Hi guys, thanks for any help in advance! I'm 21, I have a full time job which I will be losing in March. This will leave me with £9000 of debts from 3 credit cards and an overdraft. I will have no chance of paying off even the minimum monthly repayments on the cards after I lose my job. I currently live with parents and am…
Can anyone please help? Applying for a DRO
hi i am hoping to apply for a DRO but im waiting on a credit report to find out exactly what i owe but i estimate around £8000. Before i do i have a few questions. Because i have been paying 2 creditors and not the rest would this affect? I will apply these 2 creditors into my Dro as paying them is making me struggle. If…

★ ★ ★ 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