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Yet another IVA question please
matthew_s
Posts: 25 Forumite
Ok, me again lol, ive told Payplan i wish to do an IVA with them, someone from their team is going to call me sometime this week to start things rolling - a weight off my mind that something is starting to happen,
i currently own a second car, ive had it for 8 years now and its only used in the summer,
the question is, will it be like the OR in bankrupcy where they look at my past finacial dealings and can take things back ? we all would love this car to stay in our family and was wondering if i signed it over to say my partner or my father before starting the proceedings weather it would be safe ?
if it has to go then it has to go i suppose lol
Happy sunday everyone
.................Matt
i currently own a second car, ive had it for 8 years now and its only used in the summer,
the question is, will it be like the OR in bankrupcy where they look at my past finacial dealings and can take things back ? we all would love this car to stay in our family and was wondering if i signed it over to say my partner or my father before starting the proceedings weather it would be safe ?
if it has to go then it has to go i suppose lol
Happy sunday everyone
.................Matt 0
Comments
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upski pretty please0
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Hi and welcome.
Bit quiet on here today - everyone out enjoying the sunshine probably!
Have you tried posting this on the BR/IVA board? You may get a better response over there.
Sorry I can't help.Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free
Mortgage free since 20140 -
Can I ask, do you own / rent your property?Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.
All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional0 -
Thanks for the replies, we currently rent0
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Have you discussed other options with Payplan? Usually IVA's are only suitable for people who have property to protect. A dmp may be more suitable.Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free
Mortgage free since 20140 -
That's one reason why an IVA is NOT good for you, regardless of what Payplan may say.Thanks for the replies, we currently rentClick here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.
All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional0
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