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IVA advice, please...

harveybobbles
harveybobbles Posts: 8,973 Forumite
in Debt-free wannabe
I've been in my IVA for over 6 months and was wondering if it was possible to move in with my partner into rented accommodation? We are both currently living with our parents, but due to medical grounds, they are no longer able to live with theirs. And we'd like to be able to move somewhere together...
If they were to produce a letter from their GP stating something along the lines of this, would it affect my IVA or would my IVA stop me from moving elsewhere...?!

Am soooo confuddled...! :confused:
«1

Comments

  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    I am unaware of any restriction as to where you live whilst on an IVA, hb. :confused:

    You MAY find it difficult to sign a rental contract if there is a clause in the agreement which excludes people on IVA's, but, whilst this is often the case with bankrupts, I don't think it applies to people on IVAs.

    You MAY also need to discuss, with your Insolvency Practitioner, the implications that moving may have on your Income/Expenditure, and whether this may affect your ability to keep to your monthly payments.
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
  • harveybobbles
    harveybobbles Posts: 8,973 Forumite
    Aye!

    But my partner is on IB and currently seeking to get DLA, so would this go in our favour as we could possibly get housing benefit, as they suffer mental health issues. I dunno...
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    harveybobbles wrote: »
    Aye!

    But my partner is on IB and currently seeking to get DLA, so would this go in our favour as we could possibly get housing benefit, as they suffer mental health issues. I dunno...

    Best to discuss this with CAB, harvey - it's not something I would either wish to, or feel qualified, to comment on - sorry.
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
  • harveybobbles
    harveybobbles Posts: 8,973 Forumite
    Harvey is the name of my Shih-tzu, but anyway...

    I'll be speaking with my IVA people on Monday, then to the CAB to see whats what.
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    harveybobbles wrote: »
    Harvey is the name of my Shih-tzu, but anyway...

    Sorry about that, hb. Personally I would talk to the CAB first - your IP/IVA company have a 'vested' interest in you, whereas advice from CAB is totally independent - but talk to both, anyway.
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
  • Herbie21
    Herbie21 Posts: 562 Forumite
    Just a query,

    Reading between the lines:

    Both living with parents (so don't own property)

    Partner receiving Incapacity Benefit and considering DLA.

    Looking to rent property together.

    .......So why an IVA and not bankruptcy ??
  • harveybobbles
    harveybobbles Posts: 8,973 Forumite
    Herbie21 wrote: »
    .

    .......So why an IVA and not bankruptcy ??

    Cos Bankrupcy everyone finds out about it. IVA - only the people you tell get to find out about it.

    It's all about pride an' that!
  • harveybobbles
    harveybobbles Posts: 8,973 Forumite
    Herbie21 wrote: »
    Looking to rent property together.

    .......So why an IVA and not bankruptcy ??

    Also wont the LandLord want to credit check us?
  • Herbie21
    Herbie21 Posts: 562 Forumite
    Just so that you know:

    There is a website where you can search the names of all people that currently bankrupt

    The SAME website lists the names of all people, together with their addresses who have entered into an IVA.

    Therefore, the same site lists the same information. In the case of IVA's, this is recorded with ALL credit reference agencies and it stays on your records for 6 years.....it used to be 12 years !!! Most IP's WILL NOT tell you this !!!

    We currently have 7 clients who have declared themselves bankrupt within the past year....not one of them has had their name in a local newspaper.....none of them has found any problems at all. But most importantly, because each bankruptcy was thought through and planned in advance......3 have been released early. One this morning after just 7 months.......

    The rate of failure for IVA's is simply staggering.....with the insolvency practitioner petitioning for the bankruptcy, and dont forget the IP is not representing YOU but the creditors.
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    harveybobbles wrote: »
    Cos Bankrupcy everyone finds out about it. IVA - only the people you tell get to find out about it.

    It's all about pride an' that!

    hb - your perception of bankruptcy, and its effects, is all wrong, my friend - have a look at the Bankruptcy and Living with it board.

    It does not work like that anymore - honest.

    There's not much pride in struggling.
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
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