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Do you have to inform official receiver that you've resigned from your job? (DRO)
I know you have to inform about changes in circumstances which increase your income or assets, but is this something I have to inform them of seeing as I'll be worse off temporarily? My DRO was approved earlier in the month. The reason is due to health, potential constructive dismissal, and breaking of covid rules (as…
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IVA vs BR Costs that affect the creditors
Hi, I am currently looking at my options and have spoken with step change already. Despite them being very helpful, I felt a little bit pressured into making a decision which surprised me having read all the good things about them. Anyway, nothing major, just a note. I am happy that an IVA would be more beneficial than BR…
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Iva acceptance
My IVA as been approved, it was £276 originally but My IP is now telling me that the info they got is different to the creditors so it’s going to be £417. My IP said to me they can bring it down with a 15% discretionary drop to £355 per month. Can anyone advise on this 🤔 !!
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Will executor
Can someone in a IVA be a executor in a Will?
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Thank you
Evening all I just want to say a massive thank you to each and every one if you that has helped calm me down after a long winded process, my DRO has been granted, i feel a huge weight has beem lifted, and can't actually believe i can almost start my life again. Thank you thank 😁
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Charge on property
Hi In need of advice/help My dad recently underwent a kidney transplant so his health is far from great. I’m trying best I can to understand his finances and importantly what is owed on his property. During our conversations he mentioned an IVA but also having tried and failed to get the charge on the property removed. Any…
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DRO History Checks
Hello, Can anybody tell me how far the checks go regarding the past 2 year history of repaying creditors? I'm about to apply for a DRO but Im worrying I will get rejected on the basis that over 18 months ago I was temporarily repaying a family member £50/month (it was a loan to fix my car) and I declared this on my…
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Charging order
My late father had a charging order placed on the house - land registry shows this was in favour of Arrow Global. Numerous emails and conversations later and I’m no where near having this order removed. Arrow’s last email said the debt was sold to Pamplona and need to contact them. Sick of getting passed pillar to post -…
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Will be boyfriend get through referencing..?
He has had an IVA for two years now, never missed a payment, always paid rent on time at his place etc We'd love him to move in to my flat - the landlord is happy with this but the letting agent is running a reference on him. We're really worried that his IVA will ruin his chances. The letting agent has put him down for…
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Help with debt in Scotland
Hello i live in Scotland and have about £22k of debt. Basically four years ago I had a breakdown and went mad on my credit cards even to the point where I wasn’t buying things but just donating to just giving. I start university this autumn and will have tuition fees to pay direct to the university every month and whilst I…
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54th month in iva
I got a phone call from the iva practitioners in the 56th month stating I had to pay another 12 months onto my iva. Are they in breach of their contract by not advising in the 54th month?
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Please help with IVA query - nominee changing outgoings?
Hi all. Hoping I can get some advice please. I am a homeowner since Dec’2019. I purchased my property using HtB and therefore the government has a 20% stake in my property. I am in just over 32k worth of debts, no defaults or missed payments as yet but I have had a couple of repayment holidays because of Covid. I’ve…
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Would cancelling my DRO and paying off debts increase my credit score any time soon?
Hello, Long time lurker here. I've read some great advice over the years, thank you all, hoping I can get some advice to a specific question if poss please... My husband and I are half way through a debt relief order but my grandfather has decided to sell his house and is considering giving us £25K for a deposit on a…
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IVA and redundancy payment
My company have been making redundancy and I took up there offer as chances are I would likely be made redundant anyway and thought going early would be the better option. I discussed this with my IVA supervisor and was told I could keep 6 months worth of earnings, the redundancy offer was lower than 6 months so I accepted…
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Creditors with the most money owed
Hi all I need some help. I have 8 creditors and 7 have agreed, the creditor I owe the most money too are being difficult (council) if they say no does that mean the whole thing won’t be approved even though they’ve been out voted? Thanks
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Anyone Else got their iva meeting next week?
Mines tomorrow and I’m feeling extremely nervous today. Don’t know how I’m going to get through work tomorrow, god I hope it’s approved 😬
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Creditors meeting
hello all First Post! On the day of the creditors meeting for an IVA do you hear back the same day about the decision? Today is the day!
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RX1
Are you still able to sell your property with a land registry restriction , whilst on an IVA ?
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Ending an IVA early
Hi, I am 43 months into my IVA (17 months left, 17 payments is about £6k). A close family member, who can easily afford it, has offered to pay it off for me, to end the IVA early. Is this possible? Is it straightforward? What do I do, to do this? I am with StepChange.
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Can you save on an iva?
Hi my iva has been submitted today And I was just sitting here wondering. Are you allowed to save? I was advised to open a new bank account with someone else and chose starling, they have little pots that you can save in. I can’t get a straight answer online as some are saying you can and some saying that it will have to…
