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IVA & DRO

Archives for October 2015

Partner starting work?
If my partner has a DRO and we live in the same household. If I start a higher paid job, does this cancel her DRO? Would her spare income increase?
Spare income help
If a DRO is granted and energy costs are lower than expected does that mean you have to tell the Insolvency service? If food costs are lower do you have to tell the insolvency service? I have also been told that household expenditure goes 50/50 if earning the same, if earning different, the higher of the two earners is…
DRO Preferential Treatment?
Hi all, My Partner is looking at doing a DRO once her maternity pay from work ceases and she has less income. Once this happens she is worried her DRO would be rejected due to payments she has made to CCJ debts. Sometimes she has made agreements with these CCJ debts to pay X amount per month. During which she has not made…
Used credit in last 3 months
Hello all, just looking for some opinions and experiences. I've been advised by stepchange to delay my DRO apllication for a couple of months as I used my credit cards and one catalogue in September for some small purchases (mainly groceries and some childrens clothes.) Just wondered if anyone had any experience of this…
Partner has an IVA - moving in together
Hi, I'm an avid reader of the forums and having went bankrupt myself in November 2008 they were an excellent source of help. My partner has an IVA and is in his second year. We are thinking of moving in together maybe next year and I'd like some advice if possible. * I'm currently waiting to see if I can get a mortgage,…
completion
Finished my 60 IVA payments last month with payplan Just finishing them gives you a great sense of relief ! payplan was there at the beginning , seems to be a lot more difficult and dragged out at the end ! Just been informed that all cases are on hold now until Jan 2016 so won't be getting my completion until at least…
PPI claim rejected pre IVA, now in IVA will be paid to creditors!
Hi all, I am after some advice on a PPI claim and an IVA. I started my IVA in April of this year and so far all has been well. Whilst going through the IVA process I was told that to complete it I would have to agree to a claim company looking into any PPI claims I may have. As I had previously, some years back tried to…
Just curious..IVA and remortgaging question please
Just curious, but has anyone ever managed to remortgage to a new lender when in an IVA? At the moment we have, regrettably, one months arrears with our current lender and are currently in an arrangement with them to clear this hopefully by the end of the year. We had enlisted the help of a 'specialist' broker to help us…
DRO... Surplus income... Or lack off!
Hi guys, In the process of applying for a DRO, I've been sent my monthly budget and forms. It says I have a surplus of £24, but I've noticed they've missed my husbands monthly train fare off the household budget, it's around £120 per month (I did tell them on the call) I'm going to let them know when I send my forms back.…
ppi after iva
i could really do with some advice please our iva finished at the begining of august this year and we have paid 100 percent plus iva fees and have the completion letters the bank rings to say we have a ppi owed to us but cant pay it to us as there records show we are still in a iva they say they needed they iva company to…
IVA - HMRC Tax Credit Overpayment?
Hi all, I received quite a significant overpayment off the HMRC and am slowly paying it back at £50 p/m - if I were to get an IVA (in a total of c£30K debt overall), does anyone know if this debt would be included? Many thanks
Fast track IVA?
I saw an IP this week. I have been bankrupt for about 1 month. I was made bankrupt by a creditor for closed bank account with £6,000 overdraft. Total money in bankrupt pot with all creditors is about £20,000. I am single with no children. I am self employed and my only asset is my property. IP says OR would look to sell…
Selling house after IVA
Hello, could anyone advise please? Myself & my husband have just finished paying into our IVAs (my last payment was 1st June, his 1st October). However, we have not yet received our Certificates of completion and have been told this could take some months! We have recently put our house up for sale as we are now…
Please help advice on dro
Hello I'm after some advice and help on a DRO please? My circumstances are quite severe, I used to have a gambling addiction which thankfully, I have managed to stop myself from doing now and recovered from. As a result I've managed to accumulate total debts of just under £15,000. Things got out control taking out credit…
Grant thornton or aperture
Having completing my IVA last year through Grant Thornton I am currently waiting for finalisation of PPI. Recent paperwork I suddenly noticed the letter head had changed from Grant Thornton to Aperture (same address). Does anybody know the reason for this, It seems funny that the claims management company that Grant…
DRO help
Hi situation is my husband and I have a joint personal bank account (which is prettyempty). I have credit cards (just confessed to him) and have been advised to get a DRO on my own behalf. We are both self employed with different businesses. He is just about managing but I don't want to taint him. One of the credit cards…
IVA ending after 7 years
Evening everyone, Our IVA is due to end in January next year, after an extension to 7 years. The normal procedure is to provide bank statements and payslips for a final review but I have been unable to get hold of Clear Debt. Has anyone any experience of what happens before or at the end of the term, we have not had a…
Lloyds Bank retaining information after IVA cleared
My partner received his completion certificate last year for a 7 year old IVA, meaning Experian etc now all show clear and a Very Good Score. We went to Lloyds to change the address of his savings account and were advised by the Bank Clerk to change the savings account to one with better interest. Seemed like a good idea…
Paying off a IVA questions
We are in the possible position of paying off our IVA's, which are dealt with by PayPlan. Once paid off, when would our credit rating improve? Do we need any proof from the companies involved that these have been paid off? Thanks
PPI question IVA
I am with payplan and they use creedo claims to get back any PPI I was wondering with defaulted debts the creditors add interest to the debt until the IVA is in place. When they are adding interest does any PPI within that debt also acrue interest?

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IVA & DRO

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