IVA & DRO

Hi guys, Sorry if this has been posted before i have been looking for some advice on this. I completed an IVA in 2016 and got my completion certificate, at the time credo claims were looking into ppi on behalf of the IP and i understand anything that was due would go into the IVA but any interest would be paid to me. I…

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

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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

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…

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…

Hi there!! Is doing token payments any good? Any one is on it? Thank you so much for your time and effort. Stay safe!!

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…

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…

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