New here - going for an IVA

[sonyse2t5]

Just tell the creditors you are doing an IVA and that you have been advised not to pay. However, there is absolutely NO RULES to say you can't provide a token payment in the meantime as goodwill on you part...it is all upto you...

There was someone here who had a IVA passed and not paid over 5 months prior...but it went through but I would not have done that myself....he had spilt decison who went towards his favour.

[Soulgrowth]

Hi couple 31

Welcome to the forum. And good luck on your plans [:)]

In my experience the very fact that you are dealing with things through the proper channels puts you in a position of power over your creditors, so don't stand any nonsense! ... you are doing things the correct way.

I had one phone call from a creditor when I was going through my IVA last year when I politely explained what was happening ... they took absolutely no notice and engaged in a tirade of threats. From that one call I arranged call divert to my mobile which has caller display and did not answer ANY calls for which i did not recognise the number.

I suspect that, like you, I am a professional person with a business to run ... I am addressing my debts thank you very much and I haven't got time for phone calls like these, I have better things to do ... that was the attitude I adopted and it seemed to work well for me [:)]

All the best

Debbie



www.babynamings.co.uk

www.soulgrowth.co.uk

[couple31]

Many thanks for the advice, it's much appreciated

Hopefully, we can get this wrapped up in a maximum of 2 months, I'm just waiting on First Direct to send me the last 6 months bank statements and then it is all ready to be returned to the IP

[couple31]

Quick query regarding possible new car

My car is on it's last legs. Having a reliable car is essential for my work (travel to a lot of meetings)

My father has offered to get me a new(used) diesel (worth about 5k) when he sells their family jeep

If the car he buys is registered to him and he simply 'lends' it to me for x years as a named driver on the insurance, then presumably that doesn't have to be declared as an asset of mine in the IVA application?

I did suggest he might like to put 5k towards the debt mountain but he said he'd rather help out with something like that

Thanks

[aguise]

Only my opinion and would wait for other answers but I would not see it being a problem as you would not be the registered keeper and the car is basically being lent to you.

ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[catullus]

Hello couple31

There wouldn't be a problem with those car arrangements in an IVA, as aguise says, but your IP may ask for evidence that the car belongs to a third party ie your father

[couple31]

Ok, that wouldn't be a problem, could just show reg documents

Thank you both very much for your help.