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IVA or Bankruptcy better for a creditor?
Did an investment with an estate agent a few years ago. The original amount was £10k and a term of 3 years, with bi-annual returns and the full amount to be returned after the 3 years. Long story short. Other party was not honest with things and 2 further years on, no sign of anything being returned. Seems like the crook…
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Does my IVA benefit me over bankruptcy
Hi all, I have had an IVA for over a year now due to my business going down the tubes. I thankfully have a full time job now which pays okay but also have two very young (3 months & 2 year old) children who my partner looks after full time. Even if she got a job and put the kids into daycare most if not all of her salary…
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Am a creditor, should I let the other party claim an IVA or Bankruptcy?
Changed mind about posting this sorry
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End of IVA
Hi I am looking for some advice on IVA. I have completed my 6 years of payments on my current IVA. Having received a letter I now have to sign for a further 12 months and declare any extra monies (What does this mean?) I might receive in this period whilst I was in the IVA. The company has already received several…
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IVa almost set up when to expect to make first payment
Hi I have almost finished finalising the budget and sending over the last bits of paperwork they are requesting. Once I have done this I assume I am sent the proposal to sign ( does the proposal get posted or emailed to you?) Once I have signed the IVA agreement (Proposal what ever its called) how long is it before the…
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DRO. Partner doesn't know about my debts please help.
OK so I no longer work after mat leave due to childcare costs. My partner has no clue on my debts at all except a very account with just £60 in it. I have 3k on credit cards. I now no longer have an income. He pays everything. Out his wages. I use the 160 pm tax credits for fuel, baby items and items for my son and my…
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Help dro self employed taxi driver!!!! Please
Hi I’m currently in around 12000 worth of debt. I’m lost and don’t know where to turn I suffer with panic attacks and anxiety so this is a big step for me. All the debts I have are in my name I’m currently married with 3 children and I feel as though I have let them down with this burden. My credit score is appalling and…
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IVA signed on the dotted line ... anyone got advice ideas on ways to save on budget
Hi I am all signed up for my IVA just waiting for the creditors meeting now and then to make my first payment. Just wondering if anyone who is on IVA or completed it have any good ideas how to save money, live comfortably (e.g bargain finding etc) or just any tips and advice going forward. thanks in advance
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Substantial Wage Increase
Hello Everyone, I have searched for the answer to my case, but haven't found anything that quite nails it. I am applying for a job that will increase my current wage from just over £27k p/a to £45.5k p/a. Quite obviously I am expecting my IVA payment to be increased which I am fine with, but my question is this: My total…
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IVA & Debt management plan renting
Me and my boyfriend are still living at his dad's house desperate to get our own place, I have been put on a debt management plan around 3 months ago and he has recently been put on a IVA, like I say we are desperate for our own place, I know they will have a massive affect on us getting a mortgage but I was wondering how…
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Failed IVA & PPI
Hi I had an IVA which failed in 2014 after only 6 months. I received a breach from my IP. Since then I have entered into repayment plans with my creditors and have been doing well getting all the debt down. I have never heard from the IP again. I received a phone call from an old bank who were not on the Iva to say I had…
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Submitting annual review - online?
Hi guys, First time ever on a forum so please bare with me. I am currently coming into my 5th year of my IVA with Credit Fix - and ill be honest they have never been the most helpful to me since they took over my IVA from Mitchell Farrar back in 2015, without a prayer of being able to do anything about it. Anyway, they…
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Dro qualification
Do you need to have less than £500 in your total bank account for the last six months or something? What if somebody did have over that amount near to a grand in the months preceding? Also can anybody please post the link to the allowable expenses for the cash flow? I once saw it somewhere but can’t find it now. Also is…
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Mobile phone arrears after IVA
Hi, Me and my husband have been in a joint IVA for almost 1 year now and earlier this year, due to a few circumstances outside our control as well as just becoming used to living within a budget, we missed a couple of payments on my mobile phone bill and are now in around £350 of arrears. Vodafone have set a “promise to…
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Stupid question - dro end date
Hi folks, I get this is silly but my DRO commenced on 1st Nov. Everything I've looked at said it's a year, but does that mean it'll end on 31st Oct or 1st Nov next year? It only matters because I have paperwork for a house exchange to put in and want to do it the day after it ends.
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Car Value
Hi, I was just wondering is there a recommended website to find out your car value for a DRO? Thanks in advance.
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last question then I sign on the dotted line
Hi I am almost ready to sign on the dotted line just getting one more creditor entered on the list then its all systems go. my question is I haven't got my new bank account set up and I get paid by cheque. I have had to put the cheque into my existing bank account this month. ( I do not owe the bank any money they are not…
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Recommended Mortgage Providers - IVA Completed
Hi We have completed our IVA, the certificate is in our hands and the IVA is not showing with Experian. We have accepted an offer on our property, however our current finance guy doesn't appear to be having luck with the normal mortgage providers in getting us a mortgage to allow us to look for somewhere new. Do any of you…
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joint IVA Double the fees
Hi We are just about to sign off on out IVA however the agent has sent over two IVAS one for partner one for me. they both have different charges for the IVA so I assume we are being charged twice to set it up. Is this the norm my charges are Nominee fee: £1000 Disbursments; £1461.50 total supervisor fee: £1002 Partners…
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Freezing a Payment on IVA for Xmas
Hi guys, Just hoping to get some advice if possible. In summary when we set up our IVA in June we were unequivocally told by our practitioner (have email confirmation etc) we could miss 3 payments and that most people freeze the payment over Xmas. The company have been very professional and knowledgeable to date so took…
