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IVA, Divorce & Property - Help!
Hello, I am thinking about seeking some legal advice but just thought I
would see if anyone has been in a similar situation and get some ideas .... My husband and I split up in October 2018 and both entered into
an IVA. I moved out of the flat we both own as joint tenants and I now
rent a lovely flat. Our divorce was…
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Service charge overspend
My service charge company have just informed me that they overspent last year by £24k! Are there any penalties against this? Surely a company can't overspend by so much and expect the leaseholders to pay it all back, just like that? Any advice would be gratefully received. Many thanks.
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DRO & SOA
Where an applicant for a DRO is a (say) married man with nil income, and all the debts are his alone (no joint debts) how does he apply household bills into a SOA when his wife is the sole earner? cheers
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Iva finished
Hi everyone, I have finished my IVA 3 years ago. I had my own business and was not in arrears when I approached my lloyds bank to advise of upcoming issues which were going to impact on our ability to pay loans and credit cards, I was advised by my bank to contact PayPal. They advised us to stop payments for 3 months to…
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Am I eligible
Just roughly, Would I be eligible for a DRO if my debt is 14k over 15 creditors, my income is £1211, my outgoings are £1170, with a small baby to bring up and care for. I have no assets, so savings no nothing of value apart from the clothes I wear and they have holes in? Just for a bit of guidence on weather I'm doing the…
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IVA experience wanted - Desperate to sort out huge debts :(
Hello! I'm new to this but I'll try to keep it short....In 2017 & 2018 I took out two large personal loans to help my husbands business. It didn't work, the business ceased trading and I was left with 51k debts. Within 18 months we we're struggling to make the contractual payments. I contacted CAB who helped me out with a…
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Being a Rent guarantor for someone with an IVA
Hello, I have been asked to be a rent guarantor for a close family member who has an IVA. They are very good with paying their rent where they live currently but need to move to a different property. I don’t mind being their guarantor however I am planning to purchase a property myself in couple years time after renting.…
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Completed IVA and PPI
Hi, I recently applied for PPI on my late Husband's bank card. I received a letter today telling me there was some money owed but, as my Husband had had an IVA, they said it would be paid to that even though it was completed 9 years ago, (my Husband passed shortly after the completion). I have sent the IVA company an email…
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DRO - circumstances change
Hiya all I'm doing some research in to a DRO, which I may go down this route, rather than bankruptcy just not sure.I read it says after the 12 months 'if your circumstances change' then debt will be written off, well if I went ahead and applied for this, then my monthly payment to stepchange will stop (currently on a DMP)…
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DRO?
Hello, I've recently contacted Stepchange as I was hoping both my husband and I would be able to get a debt relief order, however they are saying we have too much surplus income and also that some things on our budget are too high and would be questioned. They have since offered a DMP instead but I just can't see how we…
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Payment holiday
I am in dire straits at the moment, I work for the NHS but I also do agency work on a self employed basis to make ends meet, I have worked in my normal job in radiology as a support worker throughout the pandemic but had no agency work, I have an IVA from a previous relationship breakdown and never missed a payment but I…
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StepChange won’t talk to us about our IVA - catch 22
We are in a massive catch-22. In Jan 2012, we started our IVA with StepChange. As our house was rented out and tenanted, part of the agreement was that at the end of the payment term (2 years ago), funds would attempted to be raised to pay off a greater amount to the creditors, the main one being NRAM. Roll on to this year…
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Halifax DIP
Hi everyone, thanks to the great advice on these boards over the last few days I bit the bullet and today my broker got us a DIP with Halifax. Halifax ask if you have been made bankrupt in the past six years, we were made bankrupt in 2013 so seven years so we answered no. But now I’m nervous that the bankruptcy will come…
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IVA offer for partial & Final Accepted - What now?
Hi, I have finalised my IVA with a final offer payment and have received the confirmation letter and certificate from my IVA company. I understand that the IVA will remain on my credit file until the 6 year after I took it out but how do I get all the associated creditor accounts to be marked as settled and closed? I…
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Family buying a home in my name and IVA - please help
Hi, I’m new to the site so unsure as to where to post, however I’m looking for some advice. I'm in the final 12 months of my IVA and have separated from my husband which has left me with nowhere to live. A close relative has said they would buy a property, in my name, which I will pay rent on at the current market rate.…
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What happens with my IVA if I have more debt after I have submitted all my information to my IP
Hey guys Let's say I have 100k debt and my application has gone all the way through to the creditors and is successfully in its application. But now they check my accounts again to make sure the debt is the same as in my application and see I owe an extra £3k on top of the initial debt. Also that this extra debt has come…
