That's good advice MJS. Insolvency Practitioners are licensed and highly regulated

Unfortunately the Vultures tend to have a much bigger advertising and SEO budget than the firms that take a more sensible view on things, in my opinion...

Hi Donna, I would suggest contacting the IP who is dealing with your IVA. There are several things they can do generally when people have a change in circumstances and the best thing is to contact them as early as possible.

Regards,


Drew

Hi J.P, as Foggy said an IP will need detailed documentation to ensure the accuracy of what is in the proposal but generally the creditors only see the end result, the proposal, and not the supporting documentation. The IP is highly qualified and regulated so creditors trust what they put in front o...

We have recently had an acceptance from FGA. I don't think they blanket reject but I wouldn't like to guess at what they accept and don't

That sounds like the kind of mistake a regulatory body would be interested in. Which company is it dealing with your IVA?

It is a shame that some IPs do not speak to clients. I am unsure this is down to the IP themselves though, it may just be the staff not wanting to forward queries on. I know here we have 2 IPs that own and run the business and are glad to speak to clients

Hi Moneyway might be able to help

That's great news! Almost over!

Hi Debbie.70 it all needs to come in unfortunately. And it's for the benefit of creditors as opposed to your IVA company. As for the £500 one off payment that is generous as I know a lot of companies wouldn't pay that even as PPI has now been deemed an asset

Harrington Brooks tend to use couriers to help get proposals in quickly in order to hit their monthly targets for convening creditor meetings from what I hear...

I totally agree with Melanie PK. You have taken the first step and dealing with your debts may stop the need to gamble as many of my clients have seen it as a way out of debt. You are best chatting to a couple of companies and see which one is the best fit for you. Then take their advice and make an...

Is it actually a charging order or is it a restriction (RX1) put on by the Supervisor's of the IVA? If it is the latter it gives the Supervisors no powers over the property as far as forcing the sale etc. Generally most IVAs are proposed to protect the property and only ask the person in the IVA to ...

Hi there, I was under the impression that the requirement to extend the IVA in lieu of equity was part of the IVA protocol. Unless your proposal is not protocol compliant? Do you know which company you are with?

I'd agree, a good start would be how much is remaining. It would help if there had been a change in circumstances affecting your ability to maintain your monthly payments as creditors might see a lump sum from a third party as better than nothing.