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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…
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Jarvis Taking Over Aperture help
Hi, can anyone offer advice?? I have received a mail to say that Jarvis Insolvency are taking my case on from Aperture as of today. However, a creditors meeting haD been arranged by Aperture for me In a couple of weeks with regards to a variation order to pay a settlement and close my case. Should this still go ahead as…
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IVA Transferred to Jarvis 2 years in
So, here's my story so far (long winded, beware). I was approved for an IVA back in October 2018 with Swift Insolvency Solutions. They manipulated my I&E to make the proposition to the creditors more attractive. I did question this and they said not to worry about it. A short while later my IVA was transferred to Aperture…
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DRO delay
Hiya, Just after some reassurance really. I applied for a debt relief order over a month ago now, I had told all my creditors (14 of them) this is what I was doing, so they all put my accounts on hold for 30 days. For some reason stepchange recieved my application wage slips, a debt review, and everything else that goes…
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Possible preferential payment? Advice needed
I'm in the final stages of applying for a DRO and realised I'm not sure if I made some preferential payments in the past... For a few months early this year I took out rent money from one of my credit cards and paid the same amount back each month until I realised this was not sustainable. After this I carried on making…
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Dro and insuring a property
Hi I had a dro 4 years ago.. I've inherited a house and need to insure it. The form asks whether I've been bankrupt or had an iva.. Do I tick yes? No mention of dro...
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Moved: DMP or IVA
This discussion has been moved.
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Am I being robbed?
Hi A friend of mine has applied for an iva. She said she has declared all cards except one. She has now asked me to loan her 500 pounds to help her pay the 200 pound minimum payment and she can use the rest to live on till her pay day. This means that she can also she can keep the credit card running and open. I asked why…
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Couple of annoying DRO questions
Hi, I've had a DRO and come through the other side, but mine was really quite simple. I'm trying to help a friend, we've been through her budget etc etc but the bits I'm stuck on are: She's used her credit until literally yesterday. Does she need to wait 3 months before she applies, or start the process now? She's going to…
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Advice needed please
I have been in a Stepchange DMP for some time and have managed to get a 25K debt down to about 13K. Unfortunately, my work situation changed and my earnings went down, and after some massively bad luck, I ended up with a couple of BIG bills (Needed new roof, Car Blew up, Huge Vet Bill) I STUPIDLY ran up more credit card…
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Cancelling an IVA
Is it possible to cancel an IVA and reclaim monies back. My son entered into one a year ago and we have since found out they haven't paid anything or logged the IVA against the loan despite their annual report saying they have. And for credit card it's been sold to a debt company. My son was 20 at the time, very stressed…
