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IVA & DRO

Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).

DRO question
I've started the process of a DRO a few weeks ago, all done over the phone with citizens advice, now they've told me we'll have another phone conversation in January then wait until April/May for my DRO. Is this the fastest a DRO gets processed? Are there any companies that do it quicker? Cheers for any help.
DRO completed, HMRC still collecting from my benefits award.
I'm at my wit's end. I was granted a DRO in July 2018, incorporating a large tax credits overpayment from HMRC. In June, they confirmed the full amount outstanding to them and I didn’t hear a peep for 12 months. They’ve now started claiming £80pm from my benefits as a repayment. They have confirmed that this is from 2015,…
IVA or ending it all?
Seriously don't know what to do....... Been hiding debt for years from family and friends, I have a proposal for an IVA ready to be sent to creditors, but the thought of my name being on a register is making me feel like not even being here...:( I have a high profile job...and feel so ashamed....the thought of people…
Switching banks
Hi I'm after a bit of advice please. Unfortunately it looks like might have to go.down the iva route. As most of my debt is with my bank I have been advised to switch my bank account. The recommendation seems to be a Co-Op one On looking around the net, most seem to be going for the Co-Op cashminder (basic) account. If I…
Dro questions
Hi, I have been reading these threads for quite a while now and I am hoping you can help me. I owe £15,800 across 4 credit cards, all this debt is due to gambling. I finally kicked the habit in April this year, haven't gambled since and more importantly I think I haven't wanted to. I look back over the years and think what…
Recieving PPI after an IVA Closure
Hi all Newbie here. Long time watcher first time poster. Will try to keep this simple. My IVA completed in 2017. I submitted a claim fo PPI earlier this year and it was found I was owed just shy of £1,000. Months have passed so I contacted the bank(RBS) and was put through to their insolvency team. They stated as there was…
HELP! IVA Cancel or Keep?
Hi All, First time I've created a thread and really interested to know your thoughts.. Initially I thought an IVA was for me and for 2 and a half years it was... in the last 6 months my circumstances have changed, resulting in me looking for somewhere to live. In an ideal world, I would like to look at a mortgage but I'm…
Life after a DRO & business accounts
Hi there, It's now been a year since I have been discharged from my DRO. Since then I have gotten married, moved and become a qualified nurse. My husband owns several limited companies and would like for me to added as a director of them and to the business bank accounts. However, just before getting married, our joint…
Completed IVA and PPI
Help needed please I had an Iva from 2011 and completed in 2015. My original debt was £12,400, and the IVA company asked me to check for PPI which was claimed back and they received this in 2015. The total amount paid to the IVA company from myself and the PPI was a total of £15,136. I received my completion certificate…
Iva settlement help
Hi I'm looking for some advice if anyone can help me. I entered an iva in march this years, iv been keeping up with payments except for one month I had a payment break to recover repairs on my car.i owed my creditors around 18000 when I entered the iva I'm paying the minimum amount £80 per month I have 72 months left to…
DRO help
Hello, long time lurker. I am thinking of going forwards with a DRO - stepchange are supporting my application, but I have only just sent the first paperwork lot off. I received a £4k payout last year from an employment tribunal, it was spent on learning to drive, car insurance and my honeymoon - things that, had I been…
How/which creditors voted on your IVA??
Hi, I’m currently awaiting my IVA’s creditors meeting next Wednesday and they’ve given me a brief idea on how the creditors should vote, but I’m just wondering from anyone’s personal experience how they voted with you and if your IVA was approved?? Mine are: Bamboo TSB On stride Sunny Mr Lender arrears in housing benefit…
Credit Score After Debt Relief Order
Hi all, This is my first post. I am coming to the end of my 6 years of having a debt relief order visually on my credit files (wahoo)! I was curious if anyone had served their 6 years and what their credit score changed too! My scores on Credit Karma have been consistent for months. They have been: Apr 497 May 504 Jun 504…
Quick question about a dro
Hi so I have applied for a dro and have submitted all my evidence etc. I got a email from stepchange today saying they have received the paperwork and that they need a little more information It said to phone stepchange so basically I phoned them and they said they will have to do a call back this Monday I said ok I also…
counselling fees..
hi everybody could anyone tell me whether counselling fees will be accepted if i apply for a DRO? im currently paying £80 per session once per week. will these fees be accepted or will they be discounted as they may change if my counselling sessions end or reduce in frequency? thankyou.
Iva windfall exceptions
Hi. I have had an IVA for a year. I have recently been awarded some money as part of an employment tribunal out of court settlement. The terms of the payment are for injury to feelings for disability discrimination (without them admitting liability). None of the award is for loss of earnings. As I understand it, there are…
IVA failing
Hi, I stated an IVA in February this year with Payplan and I’ve always been a bit sceptical about it as I think I was panicking so much I just agreed to to do as they said. My debts amount to just less than £6k Anyway I’m on benefits and will possibly lose them soon, so my Iva will fail, what happens then? Do the creditors…
IVA completed! Getting back on track
Hi, My husband and I have recently completed our IVA after 6.5 years (hurrah!). We would like to move house in 18 months, to a different area of the country. Does anyone have any advice on the following please? 1. How do we ensure we are in the best position to be offered a decent mortgage? (My husband's IVA has dropped…
Ccj help
Hi we moved house 18 months ago - picked up post today discovered a ccj in husbands name from a unpaid parking fine from feb thisyear- which we had no idea about .... apparently I was in a kitchen store for 156 minutes , the private car park has a maximum stay of 120minutes. the store said if they had our ticket within 28…
IVA vs. DMP? Specific circumstances
Hi all, I have a specific question about pros and cons of an IVA or a DMP. Basically, I have debts amounting to 35k and have calculated affordable repayments of around £400 per month. Editing figures via StepChange, it seems like I'm on the cusp of them suggesting a DMP vs. suggesting an IVA. However, I often have the…

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IVA & DRO

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