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Be-ri - Debt Relief Order
Hi all. I currently have around ~£10,500 worth of debt. My situation is such that I've lost my part time job, and have had to leave my current University course. I'm now on Income Based Job Seekers Allowance - since March - and have my CCCS Counselling interview in....4 hours time (They will call me). I'm going to see if…
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IVA, mortgage and moving house
My husband and I have recently entered an IVA, not having planned to move in the near future. He had a job interview which he had on the off chance of being offered the job, and has been offered it. We have spoken to our mortage provider who said that we wouldn't be able to transfer the mortgage if we were to move house…
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Major change of circumstances - Move abroad. Please help!
Hi, I really hope that someone can help us. I am (if I can work out how) planning to declare myself bankrupt. My partner (who doesn't live with me) is just over a year into his IVA . My company have just offered (and really want me to take up) me a transfer to a job in Germany to start asap. There's a possibility that my…
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Considering an IVA - advice pls
Hi all, Due to a business going to the wall last year and a serious injury to my partner we have found ourselves with approx 61k of debt, across cars, loans and CCs. In summary: CCs: total 23,680, paying 539 pcm Loans (unsecured): total 32,132, paying 929 pcm HP Car Loan: 4,700 (due Aug 2010, balloon payment or refinance),…
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IVA Accepted - question about overtime?
My IVA was accepted on Wednesday. I wil pay back £222 a month on 24k. I am happy with this amount,but I was wondering what would happen if I needed to buy essential living items that break and need replacing like fridge etc? Will I have to work the overtime and pay the 50% as agreed or can I produce receipts on my review…
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Seriously considering DRO soon.
Have £9000 debt and seriously considering debt relief order as i meet criteria, does anyone have experience of this? i am in shared accomodation, would baliffs come around? thanks.
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Dro statistics
Hi all, just thought I would share this info with you following a FOI request to the IS from Citizens Advice specialist support............. For the period April 6th 2009 - 31st Dec 2009. 148 DRO 's declined with .... 124 exceeded 15k debts not included in application. 7 exceeded 15k within the application. 4 current…
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Trying to end IVA after 3 years
Hi - sorry, new to this and forums, so apologies if the question has already been asked! I took out an IVA just over 4 years ago and have kept up my repayments of nearly £700 a month. My salary with very minimal outgoings doesn't cover the amount due, so it has always been part of the agreement and I declare it every year…
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setting up a business under an iva
Hi new to this and could do with some advice, MY husband has an iva and was made redundant a few weeks ago, he has the opportunity of work but would involve him setting up his own ltd company and being self employed. Does anyone know whether you are able to set up a company whilst you have an iva? Thanks in advance
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Creditor Meeting Today!
Hi everyone, I've got my creditors meeting today at 12:30pm. I'll let you know how I get on. Keep your fingers crossed!!
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How creditors vote
Hi - not so much a question as a discussion. When I was starting out on the IVA process one of the nagging questions I had was how would my creditors vote - were then any patterns. I trawled through various forums looking for comments but they were few and far between. Browsing this board today I noticed on another thread…
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Creditors Meeting Looming
Hi everyone, Just thought I'd update you on my situation. Went with Payplan for IVA. Unsecured debt approx 55k, proposed payment over 5 years £360pm. So roughly 29% being paid back as opposed to sweet fa in bankruptcy. Creditors meeting is set for April 12th so keep your fingers crossed. Cheers
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Creditor meeting looming
Well, as the title said my creditor meeting is due to be booked today. Barclays & tesco finance are our biggest creditors so we really need them to agree. Has anyone had any experience of these lenders in an IVA- are they likely to accept or do they have a reputation for refusing proposals? Hope that makes sense! L xxx
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Do I Qualify for a Debt Relief Order?
I am trying to find a way of clearing a multitude of debts I have and after doing some research I am wondering if under my current circumstances, I would qualify for a Debt Relief Order. My debts amount to approximately £9000 and break down as follows: I have a £1200 overdraft with Lloyds TSB from a current account I do…
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DRO and joint mortgage
Hi, Sorry if this has already been asked. My OH (married to me) has a credit card for £1200 and only works part time with not enough income to pay the minimum, (so basically I pay it). She has no other assets except that we have a joint mortgage. If I get her name removed from the mortgage and house deeds would she then be…
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I sold my house during iva without permissionwhat will happen
I am in my final year of my iva (i hope), but i sold my house without permission in year 3 without making any extra contributions as the money left over went on paying off my partners debts(which we had lived on). Will i have to do another year or will i finish on the date originally set? I have informed my supervisor that…
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IVA and joint finances - newly weds
Hi All, We have just got married and have received a number of cheques with Mr and Mrs as payable to. My wife has an IVA so we don't have any joint finances so to keep my credit rating clean. My bank (Barclays) said that I could open a joint savings account in both our names which would not "link" us since we wouldn't be…
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Bankrupt via Council Tax
Can someone please help me with what I can do about this problem. I have not said I will not pay , but I was not given a fair hearing. In March 2005, I travelled ,while I was there I fill ill. I could not travel. I was advised not to travel for medical reasons. I could not afford to maintain myself where I was and at the…
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IVA and ppi reclaiming
Hi I completed an IVA last September and recently applied to get the PPI back on one of the loans(HFC bank). I was worried about reclaiming myself so used a reclaiming firm to help me. about 4 weeks later I got a letter saying i had won, reading the letter further the amount I had won was being used to pay off the amount…
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debt relief order---water bill
my wife secured a debt relief order in october 2009 after my personal bankruptcy,yesterday a bill arrives from the water board demanding payment from november 2008 her old address which she was totally unaware of,would she be able to add this to the debt relief order or not:mad::mad: thanks in advance anyone that…