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Recommended Insolvency Practitioners for Overseas Clients
Hi There Does anyone know of a good Insolvency Practitioner who possibly specialises in dealing with people who are now located overseas (and who is a Chartered Accountant) and wishes to enter into an IVA? Many thanks in advance
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Payments increase
Hi I have a IVA with payplan and the payments keep going up. from £150 To £350ish. I am open and honest with the budget and keep them informed on any changes. But the new amount I cannot afford to pay and me and my wife I've checked the budget seems ok but we live on the breadline and the extra £190 They want we honestly…
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IVA advice required
Back in 2014 I entered into a selling IVA with StepChange, which was completed in June 2015 when we sold our house, and I used my side of funds and paid this direct to StepChange. Fast forward 5 years, and it it now clear that a substantial amount of this fund never reached a unsecured loan that we had with NRAM. Heliodor…
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CCJ issued during IVA
I completed my IVA at the end of February gone, my credit score has just dropped 90 points. On looking into this I can see a county court judgement has been added from September 2017 at a previous address. This is the first I know about this zero correspondence, no previous inkling that this was going on. I know a CCJ cant…
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Advice - is an iva a good idea for me?
Hi looking for advice. Me and my wife have a combined roughly 60k debt (excluding car finance and mortgage) its all loans and credit cards, most of which have been passed on to debt collectors. It’s 15 accounts/lenders, although a few have been passed onto the same debt collectors. If I were to pay them all monthly it…
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IVA increase after car finance finished
Hi! My IVA is due to increase by the amount of my car finance which is £92 in November when that’s paid off. However, I had an accident on Friday and my car has been classed as a total loss, my remaining finance will either paid by my gap insurance or out of my claim money. However my problem is now that I’ve had an…
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Anything after IVA
A few years ago I lent a friend £15000 to help his business He lost contracts and the business failed , he went into an IVA He then paid about £9000 off the £120000 he owed and was marked as complete Other creditors agreed and he got over 85% approval .I didn’t agree I have received only £878 back and now can’t go any…
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IVA and PPI refund help
Hi, my husband has received numerous letters from RBS with PPI refunds following their own investigations. Each letter has a different refund value, in total amounting to around £21.000. He has not pursued these claims, RBS have contacted him. My husband has 1 year to go with his IVA, with £3000 left to pay, he will be…
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MORTGAGE ADVICE
I’m hoping someone is able to advise me. My husband has £60000+ debt. Because of his debt I have always paid all bills including the mortgage and I am the main earner (£40000 to his £22000). He wants to go for an IVA. His name is on the mortgage. I want to remove his name and he has agreed as I am worried that when the…
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Applying for an IVA outside the UK
Hi Is there anyone who can give me some sound advise? I moved to New Zealand from the UK just over 2 years ago and have been trying to repay my debt on my credit cards (approx £26k) and unfortunately due to various circumstances I am no longer able to meet the minimum payments. I have looked at the options available and it…
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IVA Savings
Hi, I have been on an IVA for a few months and filled out a expenditure form dictating how much I spend and at the end we had a disposable income which is what we pay each month to the IVA. My question is on the expenditure form there are things I have now stopped using so I can save this money e.g TV license, Travel (I…
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Car finance with IVA
Hi, I’m currently in my second year of my IVA, I have my car on finance which is due to end in December and my IVA payment is to go up the amount I pay for my car however, yesterday I was in a crash and have sustained extensive damage to the front of the car, my excess on my insurance is £600 altogether and I obviously…
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Gifting money
Hi, my son has a current IVA, I would like to set up a lifetime ISA (LISA) for him. Would this be possible or would his IVA administrator insist that this money is used to pay part of his debt? Thank you Mark
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Divorce settlement & IVA
I took out an IVA in January (due to debts caused by marriage separation). I owed £15k. It is looking likely that I will receive £15k in my divorce settlement - will IVA take all of this? I have legal fees to pay (around £2-3k) and I currently have no car and need to use that money. I have 2 children and a car is…
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Once IVA is finished
Hi, so I am nearly 4 years into my IVA out of 5 years, I fine myself in the lucky position that I can now afford to pay my IVA off now. I have a Experian Credit Score of around 675 (Poor Status), I know the IVA will stay on record until 6 years (wasn't told that when i took the IVA out). My question is if I do pay it off…
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Token Payments
Hi there!! Is doing token payments any good? Any one is on it? Thank you so much for your time and effort. Stay safe!!
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Debt is £20700, hoping to qualify for DRO
Hi guys, I hope everyone is well during this pandemic. I am new to this forum. I would like to ask a simple question. Basically, my debt reached £20,700 now because of the interest piling up. I would have qualified for DRO except that my debt has exceeded. My friend advised me to pay my creditors about £750, so my debt…
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Need Advice!
Hi All, Hope you're all well. I need some advice, over the past six years, I've got myself into a pickle with unsecured borrowing. I'm 26 and work a full time job to which I am currently furloughed. My cards are nearing the end of their zero percent interest and I know it's going to be tight and I'm not actually hacking at…
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Insolvency register
Hi been in iva 5 years 5 month now. But still waiting on aperture if I should try and release equity or potentially 1 more year. But my question is will my name come off the insolvency register after six years if I still after pay for another year
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I’m desperate for advice help please!
I am going to be 29 years old next week an I’m in a financial mess! I owe £11.126 pounds in loan, catalog and cc debt ( all together) currently paying £350 a month just servicing debt and unable to make a dent to it. I am currently working at a supermarket and making around 1200 a month with overtime but cannot get this…
