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IVA with DFH been running for 2 years and have not recieved updated statements!
gingedragon
Posts: 1 Newbie
in IVA & DRO
Hello,
I have had my Iva for 2 years, after paying £500 a month for roughly £22,000 debt I have never recieved a statement and am now really concerned that my creditors have not been recieving their money's.
I am now seriously concidering defaulting and moving away from this company and going with a government recommended one, however I am really worried what will happen to myself and my husband as we live in a council property that comes with my husbands job and it states on the information that we have recieved from DFH that they will send us bankrupt if we do this! Please could someone give me some advice as I have rang payplan and they have stated that they cannot give me any advice as I am already in a IVA.
Thank you
Hev.
I have had my Iva for 2 years, after paying £500 a month for roughly £22,000 debt I have never recieved a statement and am now really concerned that my creditors have not been recieving their money's.
I am now seriously concidering defaulting and moving away from this company and going with a government recommended one, however I am really worried what will happen to myself and my husband as we live in a council property that comes with my husbands job and it states on the information that we have recieved from DFH that they will send us bankrupt if we do this! Please could someone give me some advice as I have rang payplan and they have stated that they cannot give me any advice as I am already in a IVA.
Thank you
Hev.
0
Comments
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Who are DFH? (I suppose i could google them)
You could check on the insolvency register or your personal credit file to see if an IVA was ever registered against your name... If it's not on your credit file that doesn't mean it never happened, it just means your creditors never got around to filing it - but you'd imagine one or two of them would have gotten around to it by now! It would be a good idea to do this anyway as by the end of your IVA you're giong to want to make sure that all your creditors have registered the IVA PROPERLY, ON THE DATE IT STARTED, and not some later date - you want the IVA to vanish off your credit file in the sixth year after you signed it!
Wouldn't be in a hurry to move away just yet, you'd be wasting the £12k that you've already paid in. However, have you considered that a going bankrupt might not be all that bad?
If you do decide to walk away from you current IVA provider, i would think it would be unlikely that they will pursue a bankruptcy against you... it would cost them money to do that and they probably wouldn't get anything back!Would you ask the wolves to look after the sheep?
CCCS funded by banks0 -
I was not aware that the government recommended IVA practitioners.and going with a government recommended one,0
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