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IVA & DRO

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

Old couple DRO?
An old couple in their 70s who rent their home, both have retired and each have just under £20K credit card debt. Can they both do a DRO at the same time, because most of the paper work will be the same? The same 50% of all income and expenses, the same address and same bills ect. Only bank statements and a credit card…
Dro and inheritance
Hi I need some help as I’m deeply stressed. I’ll keep this brief. My DRO ends in March 2019 and I’ve heard although not officially told as yet I’m in my granddads will. I’m probably although again all hearsay that I’ll get 10 k. Do I have to inform the official receiver at the point that I know about the inheritance or…
DRO’s and IVA’s
Hi my husband has been signed off work and is currently receiving SSP but will be claiming ESA for the foreseeable, he has also made a claim for PIP. I do not work and claim Carers allowance for my daughter for whom we receive DLA and a disability element on child tax credits. My husband has around 15k on credit cards…
DRO hangover Credit score Accounts in arrears??
Hi, I hope I explain this right. I had a DRO in 2013 and have two accounts in still marked as being in arrears, but in my SETTLED ACCOUNTS on my credit score. One is an old Barclay account with £2359 which Status: DEFAULT February 2014 The second is a Barclaycard Status: DEFAULT September 2017 and a balance of £2150 on it…
IVA trouble?!
Long time reader, first time poster. Worried for my brother. Seriously worried after google searching. In year 2 of IVA - total debt was £60,000 (I believe-around that) He just got cash inheritance of £90,000. He said he rang IVA and told them he was getting it. They never called back and he didn’t either. In 4 months he…
IVA and 2 credit cards
Hi. This is my first post. I have two years left on my IVA. Due to being too ashamed to tell my IP that I couldn't afford to live, I now have two credit cards on top of my IVA. My question is this. Should I inform my IP about the situation and come clean, or should I try and deal with the credit card company myself and try…
Help debts after dro has been awarded
Hi, today I found out that I owe 202 tax credits for year 2016 17, my dept relief order went through March this year. I had no idea I had this debt and hmrc are demanding payment I have set up a repayment plan with them on the phone but now relalise it was not the right thing to do but will cancel this. Do I need to inform…
Car Insurance
Hi all, I've recently (May 2018) had a Debt Relief Order. My car insurance is now due for renewal, and last year I paid it in full. However, I now need to pay it in installments due to my budget / finances. I'm aware that as part of my DRO I'm not allowed to apply for credit, does this mean I can't apply / pay for car…
DRO and some expensive health problems
Try to fill DRO application form now, but so confused about medical expenses. Just had a dental implant 2 weeks ago and in around 6-8 months time I am going to get one more which cost £2600 in UK (probably around 1300 euros if abroad tickets included). Of course I have no these money now, and cant save during DRO period,…
DRO and psychotherapy
Funny thread title I know but wondering if anyone could help... I have been told by Business Debtlibe that I could apply for a DRO and they're currently sending me the pack in the post. I have a few questions: -My husband goes to see a private non NHS psychotherapist fortnightly (£50 per time) which we've added under…
DRO and Disability Premiums
Hi I wonder if anyone can help. I am half way through my DRO 12 month period. My support worker thinks I should apply for pip care as my needs have changed. I live in a full universal credit area but am on ESA support group still. As I understand it because I am on esa , if I qualify for PIP it would still attract the…
Iva
I have recently taken out an iva for £18000 for over five yrs paying back in total £6000 A couple of weeks ago my parents have decided to release equity in there house so I can buy my own home. I live in council property so will get it at a very discounted rate. I have also just got married. The money they are releasing…
IVA and redundancy
We are 4 years and 4 months into our IVA. The original total debt was £52000. My husband and I have separate IVAs of £280 and £310 a month. My husband is about to be made redundant and should receive around £50000. I understand this is payable in full to the IVA bar 6 months of "salary". I am not sure where we stand. Could…
Failed IVA - DebtFreeDirect
Hi I'm new to this forum. I had an IVA with my ex-husband that failed (exact dates unknown but we have been separated 6 years in Nov so I'm assuming 5 years ago) with Debt Free Direct. I have had no communication from them or any of my Creditors during this time despite advising them of a forwarding address at the time.…
Need to confirm IVA is settled to claim ppi
How can I find details of who I had an IVA with over ten years ago? It’s not on my credit file and I can’t claim my ppi with Santander until I prove I paid my IVA. But I can’t remember who it was with.
Iva and PPI’s
Hi I’m in an IVA the company requested I have and PPI check. It was agreed with NatWest that I have 2 PPI’s worth around £2500. Iva have done nothing to claim this and as far as I understand NatWest want to pay the £2500 off my debt with them, which I’m happy with. The PPI was checked when I first went into Iva that’s 4…
Credit after a DRO ends
Hi everyone :T Couldnt remember my old log in details so have joined again...I was trying to be debt free wannabe foe many many years and last year I decided to seek advice from CAB before I got into CCJ territory etc... I applied for a DRO and am pleased to say it got accepted on 14th September so now its just a case of…
No bank account for IVA not paying debts.
Ok so it looks like I will be looking into an IVA soon. So far I've been able to make all repayments. However a close friend has had several surgeries this year and I have financialy supported her. She has now repayed this into my Halifax account that has an overdraft of 1500. There will be no more payments going in. I've…
IVA Completion Certificate
When should you receive your IVA Completion Certificate? Our last payment was taken May 2017. There was no equity to release from our property. We were told we would have to wait 1 year?
DRo submitted to insolvency today but I have a big concern!!
Hi all, I’m feeling very worried tonight. I have been doing my DRO through atepchange and today they submitted my application to the insolvency agency. My concern is over my credit report. I have a debt showing on there that I paid off over three years ago. I advised sc about this and they removed it from my list of…

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IVA & DRO

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