Thanks for the advice everybody. It is much appreciated.
I will speak to my IP this morning and see what we can do.

Hi All, I hope you are all keeping well? I have recently started an IVA back in June 2011. The agreed monthly repayment amount was significantly more than what was originally estimated by Vincent Bond. Since the IVA started, it's been one bad thing after another. I was informed by the Tax Credit off...

Hi All,

I will get onto my IP as soon as possible.
Thanks for all your support. I have posted several times on here and each time I have been greeted with real help and advice. You are all great

Thank you.

Hi, I have recently had my IVA accepted (Single application) and have made my first two monthly payments. The IVA was calculated on the joint household income & expenditure. However, the relationship with my partner has now come to an end and I need to move out of our home. This will mean that my ex...

Hi Everybody,
Thank you so much for all the responses and reassurances, it is really heart warming to have some support!
I have contacted my IP and they have also said the same as you guys have.
Thank you!

Hi All, I am currently in the Drafting phase of an IVA application, however my creditors are really starting to put me under pressure now (Although some of them have been really understanding and helpful). I received a letter this morning from Egg (Credit Card Collection Department). I have not paid...

Hi,

I am applying for an single IVA, although I live with my partner.

She is very concerned that my IVA will blacklist her and that she will be unable to get credit etc, despite the IVA being solely in my name.

Can anybody elaborate on how my IVA will affect her please?

Kind Regards

Hi, after speaking to a solicitor, they have advised that we require a severance in tenancy which would
legally split up the proportion of equity in a legal manner. I am hoping that this does not take too long to arrange and also hoping that it doesn't cost a fortune

Hi All,

Thank you for the great advice. Regarding the Deed of Trust, how do we go about this? Do we contact a solicitor? If so, do you know how long these things take to produce as I am really eager to get my IVA application sorted.

Thank you.

Hi All, I was wondering whether any of you out there have any advice or have been in a similar situation. I am about to apply for an single IVA, however my partner has concerns surrounding the House Equity issue. Basically, when we purchased our home 5 years ago, she put in £45,000.00 deposit, which...

Accumulated debt with Credit Cards, Overdraft & Personal Loans is in excess of £38k to 5 creditors in total.
It's really re-assuring to know that advice is out here and thanks for taking the time out to respond back.

Hi Winter, Yes, I contacted Ramsey-Lomax and had a lengthy chat with them and provided details of my debts, income etc. They then put me in touch with RSM Tenon who are now waiting for me to provide the statements of creditors and wages slips etc. Should be able to send them over to RSM tenon in the...

When you say build up a small fund, what is this for?

I have just opened up a new bank account with Co-op and I am going to start looking to transfer my Direct Debits into this new account and get my monthly salary paid in there too.
Any pitfalls, please let me know.
Your help is really appreciated.

Hi, Thanks for the messages. It's realy good to know that advice is out there. Winter-Blues, how did the creditors react when you mentioned the IVA to them? I am in a predicament whereby I am now really struggling to pay off my credit cards bills and would like to let the creditors know that I am un...

Hi, I am in the process of gathering information from my creditors to formally apply for an IVA. I have an overdraft and credit card with my current bank and have just opened a new bank account with a bank that I do not owe any money to. Can somebody explain the best way forward for me please? I hav...