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Just found out my husband has done an IVA
Hi all. My head is still spinning from when I opened the letter and found out my husband took out an IVA. I had no idea why he did this till an hour ago. We are in debt by nearly £19,000. I knew we had £4,000 on credit cards but thats all. I feel like my world has come crashing down around me. He is the only earner, with a…
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DMP or IVA HELP NEED ADVICE
Hi, I don't know how to start a new thread, so i am tagging along. I need help real bad. I have contacted payplan and cccs both have suggested either an iva or dmp, the dmp would be over 15 years (forever) I really need some advice as to which is the better one to get into. I have 75,000 worth of unsercured debt, £14000 is…
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IVA Budget Guide
Hello, I am in a IVA with Payplan and use their online facility to check details occasionally etc. Recently found they had put a budget guide on the site so downloaded it. If any one wants a copy please let me know. Thanks
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salary
an ahem friend who is about to enter an iva, has been offered a salaried post. it is his understanding that the iva will last for five years? obviously the iva will take a large chunk of his salary, leaving money for the bare essentials? q1? he has understandably a v poor credit rating and no savings. with this mind would…
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help dmp or iva and how quick ccjs and baliffs will come??
i am about to miss payments to all my creditors for the first time ever from this month, will they start issuing ccjs, baliffs etc before i have a chance to set up an iva? Also some of my debt is quite new the catalogue i have had for 3 years but have ordered xmas presents from it 2 weeks ago as i was able to pay then but…
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DRO: Debt in my order been sold on?!?
I was accepted on my DRO on the 26th November. One of the debts included on my order was for Santander £650. It seems that while the application was being submitted that they sold the debt to company called RED. They are no getting very heavy with demand letters, mentioning ccjs and have recently sent round a man to…
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Debt Relief Order Questions
I was wonering if anyone knew the answer to this as despite searching I cannot figure it out. If someone was to get a DRO what would happen with a CCJ thay is in place with an attacment of earnings being taken
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Chances of IVA being accepted?
Our first post on the site.... We are awaiting a draft IVA proposal as this seems the best option to clear our debts. However, since starting to sort ourselves out and for the last 2 months or so we have been reading about iva's and debt management etc and have heard a few horror stories about certain creditors and are now…
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creditors meeting today 3.30
Ok everyone please keep your fingers crossed for me, my creditors meeting is at 3.30 today so hoping it will be accepted and no increase in proposed payment. This would be a great start to xmas. Just wondering does anybody know if it is accepted do you think they can start taking payments from the 21st january so we can…
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Commercially corrupt bankruptcy advice firm shut down
"Between about October 2007 and June 2008 the core business of UKB was generated by leads provided by an organisation called the IVA Council , an unincorporated association which purported to be a voluntary independent body that monitored the insolvency industry. In reality IVAC was a marketing tool that generated leads…
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IVA and attachment of earnings
Hi my husband was left in a huge financial mess after his divorce, his ex wife got everything and he got given the family debts, this along with all the court bills saw him having to enter into an iva. Along with the house and 68% of his pension the ex got awarded £7000 lump sum, due to having no means of paying that money…
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Flabbergasted, once again!
Just thought I would post this for the benefit of anybody quaking in their boots at starting an IVA ... addmittedly I imagine it's not the common finding but .... As mentioned before I have been contacted by Capital One, who, as soon as I mentioned IVA put a hold on calls, Egg who have done likewise ..... no bullying or…
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Help with IVA and being given newer car
Hi, My wife and I (2 children under 8) are 4 months into our iva. My father passed away 2nd Oct and since then my mother has come into a lot of money, I never got any money from the will but my sister and I have had the house given to us but cant sell it till mother passes or moves. Anyway my mother has taken it upon…
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Company Car BIK - IVA
Hello Peeps New here so please be gentle! Recently went into an IVA (Sept 10) and am Company Director. Talking to my accountant today about Salary, Divs and Benefit in Kind for my Company Car....and had a sudden worrying thought. How is the Benefit in Kind treated in an IVA? Is it treated as actual earned income....or is…
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Hypothetical Situation ....
OK --- hopefully this situation will never arise, but ..... If a person is a couple of years into an IVA and a relative dies, leaving a house as part of the estate, in which this person in IVA has a potential share: When is the person deemed to be in receipt of his / her share of the estate ? I am thinking estates…
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First Christmas debt free
Hi All, I finished my IVA in January this year a few months early, this will be my first Christmas being debt free in I don't know how long. Looking back I've probably been continuously in debt in one way or another for the last 20yrs:(. I think from some of the stories on here I've been very lucky, my IP was very good and…
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Saving in an IVA and improving my budget
Hi All, Ive been in an IVA for around 2 years. I recently had my payments cut due to a lesser paid job and had a new budget drawn up. I find it very hard having any money aside at all any month, and although the payment size is fair and I do pay it, I find if anything small pops up I struggle all month. If i get a higher…
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New IVA proposal being worked on
Hi all. I have just been in touch with my IP to explain my change in cirumstances. My husband & I are back together ans so instead of my mother trying to raise £19000 in 3rd party funds- I am now in the position to offer monthly contributions of approx £380 instead. As my HP will complete in june 2012 this figure will also…
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Iva help needed
hi i have recently enquired over a iva with money debt and credit the chap on the phone was great really help full however the documents have just come and he has doubled up loads of the debts to show we owe more than we actually owe also the payment we agreed was 245 per month and the payment on the documents is well over…
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DRO with cab taking forever
my wife and i went to Citizens advice Berau in july to discuss putting forward an application for debt relief order. The advisor took copies off all our debtors letters and said he would contact them which he did. But now im recieving letters from creditors saying they have recieved no further corrispondence from CAB and…