Oliver - please speak to an IP who will advise you today as Northern Rock and HSBC and MBNA are now more forthcoming in accepting previously rejected IVA proposals. I should know as I and others have worked very hard to get them to accept changed criteria. I or other IP will be happy to review your case on full facts. Take appropriate action now.
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.
I hope so, it cost £70 (my husband had to go without lunch for the month just to pay that alone) to put in our variation requests. It just seems odd that as we put the variation in when ordered to pay 250 a month, we now get the demand for all of the 6k without getting to go to court or notification of any sort, which is what we were told would happen. It's not making sense at all.
Why don't you go down to the Court office and ask them to explain things to you
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.
Now that I know you are a home owner I am sure that once the CCJ has landed LINK financial will persue an interim charging order and then a final charging order to secure their dect against your house.
You really doo need to seek professional advice quickly. It looks as though a debt management plan may not be as appropriate as you forst thought because of the actions of one creditor.
Paul Johns
Reviva UK
Assisted Bankruptcy Specialists www.revivauk.com
It was transferred to Gloucester county court. We are with Payplan, but we took the forms to the court ourselves after fillig them out as on the intial redetmination, we were told Payplan couldn't act on our behalf, and I felt it pointless to send it to them to then send back.
Link always stated they never received anything from Payplan, despite confirming payments received ok. And I was told point blank by Link that they would reject any offer regardless and taken to court for a Charging Order(despite our house price dropping about 20k in a year, and in negative equity). They also intend to still apply 20% interest APR, so it will increase our debt rather than decrease it.
An IVA or Bankruptcy would ultimately mean losing my job, so really we'd lose our home and without my wages we would be stuffed as I'mtop earner. My husband is as good as on minimum wage and would only pay our mortgage.
I just want to know why we haven't had our hearing. Surely they can't just dismiss a variation request after taking £70 for us to do that?
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.
I was under the impression that an IVA is acceptable (done loads for Civil Servants - especially down at the listening post in Cheltenham)but bankruptcy was not.
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.
I just can't see how Northern Rock would allow us with our together mortgage loan to get through in an iva, as I mentioned earlier it'd mean more money, but slashing the loan in half to what they'd get back. If we failed on an IVA, then bankruptcy would loom.
I just still can't understand the thing about our CCJ - it seems something has gone wrong, as all the advice we got said we would have to go to court, and as we have had nothing back from our variation request and a demand for the 6k, it seems some process has gone wrong. Payplan, the court, and Citizens advice are the ones who told us what would happen once we complted those forms and it hasn't. It's just got worse.
Please seek the advice of an IP giving them full details of all your debts individually and those secured and details of this CCJ. Also a full breakdown of your disposable income and your household expenditure.
From this the most appropriate advice can be given to you.
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.
