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IVA & DRO

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

Is it worth it?
Hello all. So, I suffer with severe anxiety and mental health issues. I buried my head in the sand and ended up with a CCJ and 9 other debts. I have amassed debts worth £5838. I won't give too much story about my self away but, I feel in a position mentally that I want to take my debts seriously and sort them out, but I…
Iva - release equity
Hi, Myself & Hubby are heading into an IVA. Paperwork has been sent off to creditors and awaiting response. The proposal is 32p/£ - Do you think this is reasonable? Payplan said they dont think its unacceptable as our I/E is already tight. Im worried incase it doesnt get accepted and then I dont have a clue what we will do…
Not it sure of best option
Hi, I have various debts of around 16k which many are from years ago (12 years)t I accumulated when my husband left and my business failed. I am now re married and my husband has a good salary but these debts are nothing to do with him. I work part time and have kids. What is the best way of sorting these debts out without…
Credit file after dro
Hi, I'm new here. I'm hoping someone might be able to give me some advice. I was discharged from my Dro in July 2014. Most of the creditors that were included in my Dro have updated my account balance to zero and my accounts are showing as settled. However. I am still having problems with 3 different creditors who are…
Dro,please don't judge
As title states please don't judge me just looking for some advice. I've been a problem gambler for many many years, won thousands, lost thousands. Finally and I really do mean finally I sought help and haven't gambled for 3 months, it's like I've been given a new lease of life, I feel free, BUT yes I'm in debt if around…
Dro and a phone contract
So I'm on a phone contract that is swap 24 and I can swap my phone now for one that's the same price pretty much. £35 something I think the new one is. But I have got my appointment with my debt advisor to go through the dro next week. Would it be okay to get my phone contract out now? As I've got one atm anyway and…
IVA & selling house
Hi, we are just waiting for our completion certificate - 6 years in IVA. We are looking to sell our house soon, would this be affected by the IVA even though it is finished?
Iva finished
Hi I'm new to this I finished my iva in Oct 2017 got my certificate in Feb 2018 from aperture so woohoo on free of debt . The other day I received a letter from some company (first dispute)associated with aperture regarding outstanding ppi so binned it. Today I received a phone call chasing up this letter saying I had sign…
IVA advice - not sure if right option for me
Hi, I am looking for some impartial advice. I have debts totalling 25k mainly on credit cards which started while trying to grow my business and the interest charges meant I let it get out of control. I was keeping on top of the payments (some have been referred to debt management companies and interest frozen) until the…
IVA question
Hello... I am in process of possibly agreeing to an IVA, but the helping organisation also want proof of my wife's income. I am trying to do this on my own, as we have enough problems without me telling her I have debt.... Is it possible to have an IVA just individually, even though married? Any comments gratefully…
Iva Troubles
We are coming up to our 72 months for our iva to finish. The only problem is is that our iva credifix who we got transferred to 2 years ago are saying we owe another 12 months. My paper work states 72 months not 84 months which I agreed to due to owning a house. Can they really do this? Anyone else have any problems like…
Dro with preferential payments
I am currently going through a DRO and my adviser has put down that I have a preferential payment which is to my mother. (Weekly payments to her as she had to purchase a fridge for us as our old one broke so it was essential) Advisor said that this can be refused which I am now worried that it will get refused. Also will…
Sinking, is an IVA suitable?
[FONT=&quot]I am in a real mess, close to 70k of debt on credit cards with a min repayment of approx. £1300 between them all. Being out of work due to severe disability, bereavements and some poor choices has led to this disappointing situation I am faced with. I have read about IVA's and feel it might be offer a solution…
Dro accepted but still getting hassled
I’m well into the first year, but still getting hassled by them. I had it is possible to sue if they keep on harassing you? What are the next steps please to start a lawsuit against them because they keep harassing me even after the dro has been approved? Can anybody recommend a good legal team?
IVA's and CSA
Hello, I have recently entered into an IVA and they added a modification to my contract that I must claim CSA for my child. My ex does not agree that an IVA company can use csa as an income and is seeking legal advice. Are they allowed to do this legally? They want the equivalent of 50% of what I receive to be paid back to…
What happens if i inherit house?
I’m confused. If someone puts a house in my name after the 12 months do i still have to inform the the creditors? I read someone else said that their DRO ended in May last year and their grandfather passed away in October, he left them 15K and someone responded with Yes you do have to tell them. And another forum says it’s…
DRO and overpayments
My dro was recently accepted 2 of the debts included in my Dro were overpayments. One for housing benefit and one for esa from Dwp. I’m just wondering what happens with them. I’m pretty sure both of these overpayment debts are getting repayed by deduction some of my current benefits.
DRO and credit file?
Hi, I'm coming to the end of a DRO and I'm panicking. I'm attempting to pay off my small debt as I may now be able to do so, but I'm unsure of how long this will stay on my credit file. I've heard it will stay on file regardless of if it's all paid off before the moratum period ends, does anyone know if this is true? At…
Debt no longer with recovery company still covered by DRO?
Hi. I came out of my DRO this month but have realised one of the debts haven't been included. It is past the 12 month period FYI. Initially I had a debt with an energy company. Some of the debt was held with debt collection company and when it came to the DRO I listed £x with them and £y with the energy comps details. So…
IVA and money from wife
Hi, I've just submitted for an iva but have a question. A lot of my debt is from gambling and investing, of which my wife gave me a considerable amount of money towards the investment. Would it be possible to put her down as a creditor or not? Thanks

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IVA & DRO

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