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“Serial” DROs
After my DRO is ended with no outstanding issues and it is removed from the register, and assuming I legitimately apply for subsequent credit and not act fraudulently, how soon before I can reapply for another DRO? Is it 6 years from the start or end date of the first? Have people become “Serial” DRO applicants?
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DRO what happens next
I have had a DRO since 2019 I keep checking the insolvency register and I have not been on it for a couple of years now, but I also have not heard anything that their period has ended. There is still a record of my DRO on my credit file, which I understand should be there for 5 to 6 years. Is this true what should I be…
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Property Restriction
I hope to have an offer to clear my IVA accepted by my creditors at the end of May. Creditfix have placed a restriction on my property which I want removed as soon as ppossible.what are my options / best course of action Thank you
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Iva help
I have a friend who I was able to assist in 21 by paying his CT for 6 months. He has said he will repay when he can afford but struggles with MH changed job. In no major hurry. He also had 15k unsecured loans in rented property. He was told Iva best option soon I may be able to assist him again and wondered if I could…
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IVA: Useless Administration of IVA
Hi all, Long post ahead! Read some really valid and valuable posts on here over the last several years and was hoping just for a bit of information/guidance with my ongoing IVA. I took the IVA out in 2019 as I had loans/credit-cards totalling £40k. I don’t own my home and privately rent and went through the motions of…
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DRO help please
Hello, Am nearly at the final stages now with Citizens Advice just before they submit the application to the Insolvency Service. I went through income and expenditure with National Debtline and they passed me over to CA. Everyone I have spoken to at either place has been really nice and non-judgemental at all, but I now…
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DRO submitted
Hi, my DRO was submitted on the morning of Monday 27th March. I was told by the person doing my DRO I would hear from the insolvency service in a couple of days. I still haven't heard anything and it's now 4th April. What do I do? Or do I just keep waiting? Does it mean there's a problem? Any advice will be gratefully…
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IVA and shared ownership
I'm looking for guidance and a glimmer of hope. We have just completed an IVA, and we have found a shared ownership property, which we love. So far, we haven't had any luck finding a mortgage provider who will lend to us for a shared ownership with a recently completed IVA (we did a one off IVA, so was only registered last…
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IVA and Help To Buy
Hi, I’d be grateful for some opinions/advice please. I’m in month 24 of a 72month + further 12m or equity release IVA. My IVA is £65 a month original debt was approx £25k I am on a very low income but there is equity in my house (enough to settle the IVA) but my house has a help to buy attached to it. My fixed rate ends…
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Think I been scammed
I am in an IVA then got contacted by Mckenzie Jones associates giving me a much better deal I hsve paid them 4 payments and now can't get hold od them and my IVA are threatening to go to my creditors.
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An old PPI
I have received an email from a company brunel franklin from a ppi they claimed for me back in 2016 the ppi money was kept by the bank to pay pay of the arrears now the company have emailed again after years wanting there fee ...i did not see many of the emails as they went in spam from what i have seen. My situation then…
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Terminating IVA
I’m currently 2 years in an IVA however when I took out the IVA I believe a DRO would have been more suited to myself, 18k worth of debt, renting, no assets to protect, my surplus was £97 per month just over the limit for a DRO however the IVA company suggested I had to decrease some expenditure which took the surplus over…
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Scottish Trust Deed - accounts in credit file
Just looking for a bit of quick advice. I'm currently 2 months into a Trust Deed that has since then became a protected trust deed. I notice the majority of my creditors are still reporting my accounts as being 'In Arrears'. Should I request these creditors update the accounts to be marked as a default on the date my TD…
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IVA & pregnancy
Hi, I have an IVA active from august 2022 it’s been going well and I’m overall happy with it. However I have just found out I am pregnant (already have 2 yo) and I am concerned about it affecting my IVA. I am over the moon I am pregnant and am very excited but the IVA lingering now is sending my anxiety through the roof. I…
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Deliberately fail IVA
Apologies if this has been posted before, I did look but couldn't find anything similar. I've been in an IVA for over 6 years and due to unforeseen circumstances including illness and injury I have quite a few missed payments, several variations to allow these to be added on etc. As a result of this the IVA has been…
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IVA & owning a car
Hi, I’ve had an IVA since September 2019, I’m now in a position of getting a car, my dads paying for it for me (£750) I was wondering how to insure it as it is a form of credit, so I rang the insolvency company who basically said I need to provide them with proof that my dad has bought the car for me, which I understand,…
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IVA/Q's please
"write off UP TO 81% of your debt..." Keep hearing this on the radio. Friend did an IVA 6 mths ago (fee was £3k. "My IP made conference calls to call creditors - nil response" ALL of your (non-personal) - He was Coy Dir - debts are now FULLY written off. Nil payable" CAN this be true?? Figure is £300k. He is making no…
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Keeping money from windfall
I am currently in an IVA and have been for 18 months paying £425 a month. The original debt stood at about 40k but I have just sold my house which I received 44k from and now they are wanting 37k to settle and complete my IVA. Do I have to do this as losing all that money in 1 go is not really the option I would like to…
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IVA help
Hello, I see there is a lot of questions about IVA here. I will also try and read up to see if anyone has the same problem as me. I am not happy with the company running my IVA. I'm 35 months into the arrangement. I have been struggling with the agreed monthly payment of £150. I'm unemployed and on Universal Credit. I…
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IVA or Bankrupt Help!
Hi all. I got an IVA in October paying of £10,000 debt I’m self employed builder, I am paying back £120 over 5 years I owe my family around 4K and they also want their money back now it’s been years. my mental health isn’t great, my girl friend wants to take me away somewhere cheap like India she said she’s happy to pay my…
