IVA query

Choo_Choo_4

Don't forget Trudij too .... not sure if you saw this thread?!

This Board....
I thought was for help and support of people considering or already in an IVA.

Would the people who only come on here to slag off IVA's and basically telling everyone who has an IVA that they should go bankrupt as that is the be all and end all of debt management and sorting out, kindly begger off back to the bankruptsy board where there are many people who have come out of an IVA, who claim they were mis-sold, therefore all IVA providers are the devil incarnate and should be stopped. (there are also many people on the BB who dont claim that at all, Im not saying for a minute that there are !!!!)
This board has been troll less since it started - would be terrible if they are allowed to creep in now !!

For everyone else genuine on here who want to try to HELP others, please keep going!!!!!

IVA Companies are different from Debt Solution Companies / Insolvency Practitioners ... in that they do not restrict their services to ONE solution hence they will most definitely give advice other than IVA.

Is there an icon for "banging your head against a brick wall"?
Once again - if regulations are followed IP cannot JUST advise on IVA, other solutions MUST be explained too ...

But I will agree that there ARE indeed companies out there that break the rules .. name and shame if you wish - but don't tar the rest with the same brush.

foreverautumn

You need to stop arguing amongst yourselves for one minute. Somebody as asked you for help, advice and a opinion. I think the poster needs to make some more calls and get some more advice before you proceed. I would take a look at all options. Just remember most of these companies will want you to do an iva or dmp, mainly because someone is getting paid. If you have no assets, you should of been advised as to the option of bankruptcy. At the very least it should of been discussed. Please take a bit more time to look into things further.

Choo_Choo_4

You're right Forever ... it is getting tedious

The content of each thread should be to try to answer and advise the OP or anyone else who comes on to ask a similar question relating to the topic.

I have mentioned above in one of my longer answers (sorry about that) - that regardless of what company you go to for advice, they SHOULD by law go through ALL options with you ... Bankruptcy, IVA & DMP ...

It is better to go to an Insolvency Practitioners or a Debt Solutions Company that does have the expertise in-house to advise on ALL options ... obviously if you seek advice from a company that ONLY offers IVA's they will try to SELL this so while you may want to listen to what they have to say make sure that you also get information from somewhere on Bankruptcy and DMP too ...

And don't pay for advice - yes you will end up paying a fee for the service (and this should be disclosed before anything in signed and sealed) but as for advice - DON'T PAY!

Charco_2

This is true ForeverAutumn, the board moderators are quick to delete a thread for "going off topic" when what they really mean is "you are discussing the CCCS and it doesn't stand up to scrutiny" but their silence is deafening now... I dont think any of these threads should be deleted because the public discussion aspect of them is very important - it would be nice if every thread available wasn't hi-jacked though!

It's hard to refute claims that all advice is so biased as to be unreliable. Some people do get paid for the advice they offer and that perhaps sways their judgement... however the penalties if you're caught or if complaints are upheld can be so punitive as to just not be worth it... it could cost someone their career. As well as the fear of being caught by regulators for a past indescretion, there are forms and things that need to be signed and filed in the present that are there to keep companies from pulling the wool over people's eyes. (Yes Skint, I said "wool" - it's the metaphor that just keeps giving!) It's a minefield!

The rules are there to stop square pegs from being put into round holes, but obviously some companies still try to subvert theese rules - the rules get tighter every year!

(we have gone off topic here, but i do think the main questions have been answered!)

skintflint103

Well now we all agree, but we certainly seem to be looking a lot harder at the details don't we? Do I see a shift from IPs give great advice across the board to there MAY be a few rogues.

Charco_2

No it's same old story... if you want to trawl through my 800 posts - or the posts of others on here you'll find that nothing has changed. Most of my bloody posts on here are warnings about one bloody company or another, or to say you don't have to take that crap from your IP he's just a referee so go back and tell him how it is.
You've missed most of that cause you've come late to the party but every now and again someone will ask:
"How does this work?" - and the reply doesn't need to be "your IP is crook go bankrupt, he only wants your house"

I can't claim to have a map through the minefield but if someone comes asking a question or asking for help it's of no benefit to me or anyone on these boards to mislead them. I don't know them and don't know their IP. It's also of no benefit to anyone to throw out conjecture or anecdotal "i heard this happened once" stories.

There's enough experience on these boards (and obviously room for more experience) that if somebody comes asking for help it's enough to say
- "I know that company and they're good/bad/idiots/crooks" OR
- "well here's how that SHOULD work so if your IP is telling you different then ask him why or demand a change!"

skintflint103

Now you're getting angry, you have every right to voice your experience and give your advice as anybody else. But please language. The problem is virgins to the world of insolvency are frightened and feel alone and isolated. i just think that it is criminal some of the IVAs that I'm asked to have a look at. It took a lot for me to even bother coming on this site as I'm not a great computor user. I and others saw a big bias towards IVAs on here and the internet in general. I wanted to raise a debate and i think I have. some don't like my opinion. Ok not a prob. but I'm not selling any of the solutions good bad or indifferent and that's where I'll rest my case. All i say is look 1,2,3, times at any solution and anyone selling such a high ticket item as an IVA cannot be giving unbiased advice.Till the next time. (and calm down it's not personal)

Choo_Choo_4

skintflint103 wrote: »

All i say is look 1,2,3, times at any solution and anyone selling such a high ticket item as an IVA cannot be giving unbiased advice

This should always be the case Skint - it's never an easy decision to make whether it's DMP, IVA, Trust Deed or Bankruptcy - it's hard enough for people to face up to the fact that they're in this situation in the first place - but whichever debt solution is chosen should be given a great deal of thought and should never be entered hastily which is why a lot of the advisors on here stress that you should seek advice from a number of professionals, compare it and do NOT pay for it.