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Tix (the insolvency exchange)
Hello everyone, I have a question about TIX.. i have a creditors meeting on the 3rd of April. I found out is more nearly %30 of my creditors are represent by this agency. I have made purchase with Very within 6 months an ipad september and an laptop on november. I heard very shop direct usually ask for modification or…
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DRO Questions.
Hello, I've been reading these forums for awhile and think a DRO is the right way for me to go. I have debts of £15,900 (all in my name) which I am unable to pay without the help of payday loans and other borrowing from family and friends. I have a few questions before I proceed: I am married with a joint bank account…
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Patience is a virtue
I know it's hard to hear as I was in the same position but patience really is something that needs to be learnt in an IVA. I've seen so many posts on hear from people say "how soon can I get credit", "how quickly will the IVA drop off my credit file", etc. It's nearly 2 years since I completed my IVA and my credit rating…
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Converting IVA to unsecured loan
I haven't posted on this forum before but I was wondering what people's views are on converting an IVA into a loan. I have recently completed the third year of my IVA out of a six year term. The terms and conditions of my IVA are pretty straightforward and I know exactly what my commitment is each month and the exact end…
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IVA Equity Release and Getting Divorced so not in Property
Hello all I'm currently in the last year of IVA and have received notification to get relevant things in order to assess options for equity release. The house I own with my soon to be Ex Wife, she lives in the mortgaged property with our children. I have been moved out 4 years and I am currently still paying the mortgage.…
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2nd DRO
Can I apply for a 2nd DRO Was granted one in September 2010 and successfully completed it. Suddenly and unexpectedly I have lost my job and haven't got anything in the pipeline as yet. Was earning good salary so could easily service my debts! Cheers.
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What now?
I made my final IVA payment on 1st March (60 month IVA) what now? I haven't heard anything from payplan yet.
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IVA Completion
Hi there, I was hoping someone could help. I made my final payment on my IVA at the end of Dec 2016 and called my IP this morning to chase up my completion certificate. They advised that they were still waiting for some of the creditors to make a claim as they had not had any response. When i questioned the fact that surly…
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Finally debt free but have a question x
I started my IVA on 2009 and today I finally received my completion certificate :j it's been hard most of the time and I've shed a lot of tears but there is light at the end of the tunnel so just hang on in there. Advice on building credit rating gratefully received. I do have one question a loan that was included on the…
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Inheritance, windfall and IVA.
X has an IVA. Parent recently died leaving a part of a house to them.( one third of half the house ... 1/6th ) Other parent still alive and owns the other half until their death. Does X have to declare this to their IP now.? Will says they cannot sell it unless the Parent still alive agrees.
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IVA equity calculation
Hi I took out an IVA with Cleardebt in June 2010 which completed in October 2015. I was then informed that it had been taken over by Aperture. I had already completed a valuation on my house and gave mortgage redemption figures to Cleardebt. As of August 2016 I had heard nothing from Aperture so I contacted them to ask…
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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.…
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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…
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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…
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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…
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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…
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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…
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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…
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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.…
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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…
