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IVA & DRO

Archives for June 2015

Post IVA credit file clean up
I'm having trouble understanding what should and shouldn't happen with a credit file during and after an IVA. I completed early with a F+F settlement and a few months after this was the first time I had a look at my credit file. I found that all the accounts are now closed and showing as settled. However, some of the…
IVA question
I've been on my IVA since June 2012. 2 of my debts are with Halifax, an unsecured personal loan and credit card. I have noticed as of late they are no longer on my credit file. Plus I have had 4 silent phone calls from Rossendales. These 2 debts were originally listed at the Insolvency Exchange, but when I wrote to them…
What option is best
Hi all I would really appreciate some advice please. I have been trying to pay the min on a few credit cards but have fallen behind, I have now defaulted on a few, also large overdraft I just can't seem to make headway. We are a couple with kids, I'm self employed but not much profit, thinking of going back on jsa again.…
Child Benefit and DRO's.
Hi all, Well.... did you know that Child Benefit does not count as income for the purposes of a DRO? No?, me neither, but that is what it says in the latest DRO newsletter issued to Intermediaries from the Insolvency Service / DRO Unit. Up until about 6/ 7 years ago this was correct in IPA 's in bankruptcy but then the…
DRO- debt from uk and abroad
Hello, Will DRO relieve me from both debt I have in UK and in Poland? I took a credit out in Poland before coming to UK and been repaying it but I struggle more and more every day. I know a bankruptcy would relieve me from it but I can't afford 700 gbp. Thank you for uour help
DRO - Advice if possible
Message Deleted
DFD Being Sneaky
Hi Guys, my first post on here so hello to you all My wife and I got ourselves into a bit of financial trouble 6 years ago and ended up in an IVA with DFD which ended in December last year. We're still waiting for our completion certificate (Apparently no surprise there) and received a letter today saying they are having a…
IVA and more PPI
Hi, Been a while since I last posted and have been paying my IVA and now have 21 months to go and am now paying £260 per month. My total dept level was at the start £27,000 Two years ago I received a PPI claim for £14,700 which went straight into my IVA. I have paid in on monthly payments a total of £8400 to date. This…
IVA and Capquest shenanigans
Hi all, Was in an IVA that was completed in 2012. Of late have been receiving calls from Capquest relating to a debt that I once had. Now this is where it gets a bit strange. Guy on the phone says I owe x amount of money. I ask him where and how. He says it is from an egg account. Gives me a reference number. I say ah that…
DRO-does nhs student bursary count as income?
I don't know if anyone can help but i'm thinking of applying for a DRO as I've recently had my house repossessed leaving £10000 underpayment which they are trying to recover and have various other small debts totalling about £2000. This is not something I take lightly and I understand the implications it will have on my…
mass exodus
There are a lot of people at my work planning on leaving there are two shifts (night and day). If these people all left it would reduce the work force by 60% meaning that my work would most likely close. That would mean I would face redundancy if this was to happen then I would get around 5k as I have been at my work for…
payplan told me the wrong info
I had to take a payment break due to my car tire exploding and a suspension problem which I had to get fixed. So I asked payplan if I could take a payment break. They said I could and it would be added to my final payment which I thought all was fine. I went on to the payplan website to day to be faced with a message…
DFD Dragging their feet on IVA
Two fold question really. Firstly, my partner has told DFD that he wants to default on the IVA in order to go bancrupt. He has since handed back the house, it has sold fairly quickly and he has an outstanding balance of 8k on the mortgage. Although DFD accepted that he wishes to come out of the IVA they have failed to…
Iva expenditure
Now due for 2nd year review of IVA and want to know what are the current expenditure allowances? Can anyone advise.
redundancy iva
hi all, i have the chance of voluntary redundancy of 13000 with 5200 as well for sevarence pay i only have 4 months left on my iva, finishes in october my question is if i take redundancy can i ask for so many months leway for wages im on about 1600 net a month and whats left with my redundancy can i offer a final offer…
Declined!
This'll make a few people laugh... I completed my IVA in April and recently thought I'd apply for a financial product from Co-op (who I've banked with for the last 5.5years). So you might be thinking a loan or a credit card, in which case I'd fully expect to be turned down - but no, this was for a standard savings account…
Cleaning Up File Post DRO - headache inducing!
Well, nobody said it was going to be easy. Dro came to an end about 2 months ago ish. It's been a battle, but most companies have actually satisfied the debt. Apart from: Argos: told me they would prefer to be paid and then update the credit file Lloyds Banking Group: Refuse to acknowledge every letter the insolvency…
CCJ After DRO
Hi all, I successfully started a DRO about 4/5 years ago, today I received a CCJ regarding one of the debts listed in the DRO. It's an official CCJ. I'm not sure how long the DRO lasts as I'm not finding my name when I search the gov website so that's worrying me a bit. I do remember searching it a few years back and…
F+F iva payment
hi hope somone can help. husband was made redundant in feb and IVA asked for 8k of redundancy which was paid in (left him 6 month wages) months late he still hasnt managed to gain employment. he is either too over qualified or not quailified enough... mil offered to lend us a some money to stop the iva hanging over us and…
IVA Failed PPI Claim
Our IVA failed in March 2014 after paying for 5 years. We chanced a PPI claim and received a letter upholding our claim but it said it would be paid to our IVA provider. We explained that we were not on an IVA but Payplan said they still had an interest in the money. We sent lots of letters to Payplan but received no…

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IVA & DRO

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