Bang on Ang - if your looking for a job always come to me!
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
That is entirely up to you. I was told to stop making payments so that I had my first IVA payment ready. This I did and we did get the phone calls, but ignored them mostly and dealt with them all by letter.
Others do make token payments, but be warned, they will try to get more money out of you than you can afford to pay. Be firm and refuse to be bullied by them.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
In reality it makes little difference and there are arguments for both ways. We tell our clients to make token, pro-rata payments in the period when we are helping them to put forward their proposals, whilst trying to put a little away for contingencies. This helps to prove that the budget you are going to be working to is manageable.
As soon as they are notified that you are in an approved IVA - yes
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Whilst waiting for my IVA vote to go through i made token payments and sent a covering letter, I wasn't hassled or got any phone calls, was i one of the lucky ones?
Good luck mitsu9 i hope that you find inner peace and good fortune.
15 down, 45 to go
Om shanti, namesté, good luck to all who are embarking on the IVA journey, it isn't always an easy one but the outcome is the best.
IVA COMPLETED August 2012, received Completion certificate 18.4.13.
I think you were one of the lucky ones orchid! I made one or two token payments, and sent letters but still got hassled!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Yes i think that perhaps i was after reading some of the threads on here, someone, somewhere must like me then lol! It's not such a bad lot and i think after chatting to someone who is actually worse off than me it makes me realise just how lucky i have been in all honesty.
15 down, 45 to go
Om shanti, namesté, good luck to all who are embarking on the IVA journey, it isn't always an easy one but the outcome is the best.
IVA COMPLETED August 2012, received Completion certificate 18.4.13.
Interestingly we do not advise making any further payments once a Proposal has been circularised to your creditors. This gives you the opportunity to build up a little pot prior to the IVA being accepted.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
