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IVA & DRO

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

Dro jul 2015 advice please :)
Hi guys new to this forum so I hope I am posting correctly and in the right place! Basically after getting some advice from Payplan they have advised that a DRO is the best solution based upon my circumstances. I do have a few questions however.... 1) I get a standard salary that appears as BASIC PAY on all my payslips.…
IVA and new pension
My partner is in the middle of an IVA and has been notified by her former partners pension provider that her entitlement to a share in her former partners pension can be applied for shortly. She has options for partial lump sum or deferral. Her IVA administrator is not aware of this entitlement. She could defer until after…
F+F help and redundancy
Hi my parents have offered to make a f+f payment to end my IVA as I am on the sick on full way with work related stress. It looks like I may receive a settlement payout from my employer to end my contract early as they are looking for redundancies at work. My question is, if I put a f+f offer forward now and I accept a…
Dro advice please
I received a entry to county court for one of my unsercured debts last week, I think it was Friday, I have mental health issues and have not paid anything off my debts since around 2013/4, I owe around £11k in total (2 debts with new charges added to the one as entered to court) and I am not paying interest, I have done…
Full and final offer amount ?
Hi all I was wondering if I could get some help ideally. I got myself into a financial pickle and managed to have an IVA accepted. I've recently told my parents about this and my dad has offered to pay an offer to close the IVA.. I'm now 9 months into my IVA having paid £215 each month not missing one. The IVA was for…
Dro help
Hi all new here an in need of some advice, recently me and my wife have been speaking with some from are local council and with the CAB unfortunately due to work commitments I couldn't attended the appointment and m after a little bit of advice between me and my wife we have about £10000 worth of debt ranging from credit…
IVA equity release soon
Hi wondering if someone can answer a question regarding equity release? In my IVA paperwork it states - "The remortgage term does not extend beyond the later of the debtor’s State retirement age or the existing mortgage term." I am 44 and have 7 years remaining on my mortgage but have 23 years till I retire:( Does this…
iva, loss of income, redundancy and chances of full and final payment
Hi everyone I am a little over a year into my IVA which I have had no problems with so far. However my circumstances are likely to change significantly over the coming months. :eek: First of all I am on long term sick from work. I am still on full pay but potentially could drop to half pay in the next couple of months.…
IVA help - redundancy looming - urgent
Hi all, avid reader - non poster but need urgent help. I've just been approved for my IVA and made my first payment on 4th March 2015! Was really excited and anticipating a debt free future in 5/6 years. Late last week the organisation i work for (for the last 16 years) announced redundancies were on the cards and all…
Iva help
I am near the end of my 6 th year of my iva. I was asked to remortgage due to equity clause. As unable to remortgage have been asked to oay a further 12 months taking it to a 7 year iva. However there was a condition added to the iva by one of the creditors stating we should not make more than 72 payments. I queried this…
Iva help!
Hello! Really hoping someone can help. Me and my husband are looking to buy his parents house from them in the next 6 months. They split up around 2 years ago so only his dad currently lives at the property and his mum is renting a property. They had their house valued a few weeks ago and one company told them to sell it…
Damaged for ever?
So we are two payments away from completing our IVA! 29/03/17!! Speaking to mortgage advisors which deal with bad credit won't even touch us for a mortgage w would like a shared ownership mortgage I know the climate isn't great but why do I have to be punished when I've paid the IVA for the last six years never missed a…
First time buyers with dro on credit file
Hello, Me and my fianc! are currently saving to buy our first home together, We've managed to save 5K for the deposit and we are currently dealing with Santander but my fianc! had a DRO in the past and it's still on his credit file and will be now for another 2 years due to them staying for 6 years. Santander have said we…
Finally have mortgage
Started and iva November 2010 which I payed off in 2013, dropped of my report in November last year along with all my defaults have today received my mortgage offer from Halifax with no issues at all Just shows how easy they can be after an iva
PPI and RBS
Hi, I'm new here and been searching to see if anyone has received a letter from RBS (or any other bank) relating to the Green v Wright case? I received a letter last week from RBS stating that they are awaiting the appeal before settling to either the Supervisor or the Customer. The letter also states that if the…
Iva enquiry
Hi, I'm 55 in May and in the final year of an IVA agreement. Is my pension exempt from the agreement if I surrender any or all of my pension before it ends? We are with Payplan.
IVA & HMRC Refund
Good Evening, I am currently paying off my debts with an IVA. One of my debts was to the HMRC from my failed business, last year the HMRC changed my tax code and started taking money from my pay through my employer. The HMRC agreed to the IVA! I did manage to get my tax code changed back after about 6 months, do you think…
should I apply for an IVA
I have been in a DMP since April 2011, it is a joint plan with my husband. We have paid £6444 so far but still have £21500 left our estimated completion date is Oct 2034. I am not happy with the company that arranged the DMP, I have a CCJ as they didn't pass my payments on to the correct company early on in my plan, and…
DRO end - does anything happen?
Hi, I am about to approach the one year mark after my DRO being approved. Just wondering whether anything happens - will I receive a letter from the Received to confirm it has ended? Will I receive anything from my creditors? Thanks
University and an IVA - please help!
Right, I started my IVA In October 2014, since I was made redundant following the birth of my 2nd child I have found it difficult to be happy in the dead end jobs I seem to keep picking up. I have a dream and I want to follow it. I have just separated from my partner after a mentally abusive relationship where I have been…

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IVA & DRO

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