Iva help

D3ntal

Can anyone tell me if this sounds right?!

About to start IVA as awaiting final figures (while the kind solicitor chases companies who have not responded - thankyou!!)

Anyway have already paid £3000 up front - Is this usual?

She has not informed me about monthly payment and was quite rude to me the other day by telling me my house should have been up for sale to prove to the debtors that i am serious about repaying the debt, do I really need to put my house on the market?

I'm so confused and very worried that I am about to loose everything.

RuthnJasper

Sweetie - sorry, but no. You oughtn't to have to sell your house under an IVA, or pay anything upfront! What is the name of the company you are in touch with?

I got my IVA a few years ago, and didn't have to face either of these situations.

Follow the links suggested on your earlier thread by ifwisheswerehorses and you won't go far wrong:

ifwisheswerehorses... wrote: »

Hi D3ntal and Welcome before your Mum signs anything please contact one of the Debt charities and if you have to ring them all!!


Main recommended sources of help:

• National Debtline - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)
• Consumer Credit Counselling Service - Website: CCCS Telephone: 0800 138 1111
  

Others:

• Business Debtline - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

Best wishes
If...x

.

Good luck to you with your situation - hope all turns out well. xx

FoggyBrain_2

I, too, would be interested to hear who this comapny is. You don't need to pay upfront fees if you use a reputable company. Contrary to popular opinion, there ARE reputable companies other than Payplan and CCCS. Have a look on https://www.iva.com and have a free word with a couple of com0panies there too.

Incidentally, you refer to the "kind solicitor" .... the person who runs your IVA is an Insolvency Practitioner, not a solicitor, and should, hopefully, be licensed as such.

D3ntal

Thankyou, do you know if we are in a position to go with someone else? or is it too late as we have not yet received the final figure.
We have a meeting with CAB in a few weeks.

FoggyBrain_2

Hi again. I am loathe to give specific advice as I am not entirely sure of where you are in your current process. I am, however concerned that it appears that you have paid this, not insignificant, sum of money up front, before, it seems, your proposal has even been drafted.

Assuming you have not signed any agreements you are able to withdraw before the IVA is up and running, however, it is likley you will lose the monies already paid. It would not surprise me if you might lose any more paid to this company, as they don't sound "right", I am afraid,

Who are they ?

D3ntal

Hi, I am just visiting my mum and told her I had been on here asking advise.
She said they are 12 months into the IVA, looking through her paper work it states that house will have to sold asap and it basically does not matter if they have anywhere else to live and have 3 years to do this in.
She also received a very horrible letter this morning from the company saying that she was now in breach of the contract and to remedy this as they were not very happy!
As the CAB meeting is too long to wait she has cancelled and trying to see if she can get someone to look over the paper work for her.
When she was starting this apart from having to close the family business her brother had terminal cancer so was not really taking much info in at the time and thought the company was working to help her.
I still can't understand why this situation seems so different to the usual way of IVA which is paying monthly over a 5 year period and then in the 4th year you get your house valued
The company is Parkin S Booth.