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Can IVA company mistake benefit me?
I recently contacted an IVA company to discuss my debts and a possible outcome to reduce them. They sent me 2 packs through. Upon opening them I discovered two seperate peoples details had been sent to me, whichc included bank statements, wage slips, and debt details including names and phone numbers etc on them. What…
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Grant Thornton took a year to settle
I was lucky enough to come into some money a year or so into my IVA. I asked my then acting party Debt Matters to offer a settlement to my creditors. I transfered 10k to DM after they told me my creditors has accepted. DM wrote to me and said it was all on track, and my account was promptly transfered to Grant Thornton.…
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IVA will it impact my live in girlfriend?
Hi, Well I decided to speak to the CCCS and had a quick chat with a very nice guy. He said that he will call me for longer chat next week and told me I needed to have all my financials to hand, however he also said that he wanted my girlfiends details such as her wages and how much she pays towards things. Now this is a…
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IVA question
Hi Not sure if anyone can help but my mum has an IVA which she has been paying just over a year, she didn't declare all her debt as wanted to try to pay some off but is now struggling! it is only about another £1000/1500, she is making minimum payments on catalogues but obviously the interest is keeping it going, can she…
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IVA @ bank charges
:confused: If i claim my bank charges and credit card charges back will i have to give them to the IVA people And if i pay my IVA off early will i be liable to pay them any more money........
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How closely is your income monitored?
Hi, We are in the process of applying for an IVA with Payplan. I was wondering how income is monitored - I get a bonus in April which I know I will probably have to pay straight to the IVA and I know I can't hide it as they will probably ask for regular payslips but how about other income for example sales on Ebay, also I…
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My Maffs Aint That Good
A Question again for all you IVA wise ones How akurat# akre## acru### ackur# acrua## Precise does the IVA accounts and final accounts have to be? Are they allowed to have mistakes like my previous sentence and the FINAL Settlement figure completly different to the previous FINAL settlement figures and not realy stating who…
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IVA - Bonus paid - clarification on ambiguous wording
HI All, There are various posts surrounding bonuses etc but most people talk about their bonus in terms of monthly pay. My girlfriends IVA states the following: "Where at any time during the arrangement, I receive any overtime, bonus or commission payment from my employer which was not included in the original surplus…
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IVA payments?
I currently am a jt owner of a mortgaged house with around 15-20k worth of equity. My net income is £2k p.m I owe approx 42k to various creditors. if I agree to releasing some equity in yr 5 on my half of the hse and make payments from my salary which is very secure. P How much do you estimate I would be paying towards the…
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Can I remortgage during an IVA? I have no exit penalty on my existing mortgage.
I am currently in an IVA, due to finish October 2010 (although I intend to pay it off early). My fixed rate existing mortgage expires in March 2009 and I obviously want to move to the best possible rate, although I know I can just move to my existing lender's variable rate. To spice it up, I am self employed, do have…
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DCA chasing debts included in old IVA
Hi all, Was wondering if anyone who has had an IVA has subsequently experienced this - My IVA was successfully concluded in 2004 through a local insolvency practitioner and the payout was 100% (is that unusual?). I'm now being chased by a number of DCAs over some small amounts that were included in the IVA! It seems that…
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IVA's for the self employed
My husband and I have in the past be stupid - borrowed to pay bills!! Never again, credit cards constantly increasing limits. The only doubt we have is he is self employed and I am unable to work. We have 2 bank accounts with HSBC 1 private and 1 business and its only the private that we will have to put in the IVA can…
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Natwest and Equidebt
Hello Everyone! I'm here to share my progress, and hoping it will help others, in the same way as you all seem to be helping me with your stories. I have not arranged an IVA or intend to (as I intend to sort these debts out myself) but I am in the process of making offers to my creditors much in the same way as you all are…
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Question re IVA
Can you set up another IVA if you've had one thats failed?
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iva advice
hi all new to this sort of thing just after some advice on ivas do you think i should do one as i am struggling with about 20k of debt 3 loans and 2 credit cards, and not a very good wage to pay them i am managing to pay them at the mo but for how much longer i dont know,:confused: and the other thing i am worried about is…
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Whats max amount for IVA ?
Hello folowing my recent divorce a find my self 40 k in debt , i am gonna try and find a way out but if worst comes to the worst whats the max they would consider an IVA on ? would 40 k be too much and force me to go bankrupt ? hope not just got new house and hoping to work my way out of this...any ideas
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IVA mess
Hi all Im in a real mess at the moment and dont know where else to look. Believe me Ive tried fo hours looking for an answe. Basically I started my IVA in Jan 08 and in Aug 08 I started work. Because of morgage arrears and council tax arrears we didnt inform the IVA company. My husband loses his job on Friday and I know I…
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Cancelling an IVA
My friend has disclosed to me he is paying back £600 a month with an IVA. Short question, can he cancel the arrangement at all? Thanks
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Confused over IVA
HI guys, just a bit of advice needed please? OH had a joint loan with his ex who then went into an IVA. After approx 15 months her name no longer appeared on the insolvency register so OH wrote to her IP to ask whether any monies were likely to come off their joint loan. He confirmed they would, the first payment being…
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20k+ in Debt and Just Been Laid Off HELP!!!
My partner is 30 years old is about 24k in debt with a loan with Natwest, a loan with Beneficial Finance, maxed out a 4k limit Asda credit card and owes £4200 on an MBNA card in my name (with a 34% interest rate!!!) He is self-employed with no savings and last night he was told by the company he was working for that they…