I forgot to say it is best keeping your trustee up to date and as Michael said do not try and hide it from your trustee

Hi David.md,

You are entitled to keep your statutory redundancy money but anything above this will need to be paid into your Trust Deed for the benefit of creditors

Hi sbusby2004,

It will stay on file for 6 years from the date it was inserted on to your credit file.

Hi aka_carrot,

As the Mortgage is in joint names then her half of any potential equity would be looked at in year 5 of the IVA.

You could not transfer to your name as it would be classed as Disposing of an Asset by your wife and they can check back up to 5 years.

Hi Sovereign, This would be treated very seriously, I believe but one of the experts would hopefully tell you differntly that the IP would resign from case if possible. He may then go down bankruptcy route and then a Bankruptcy Restriction Order could be put in place. Also as it is fraudulent then I...

Thanks Kallis I will certainly keep this in mind and also good to know that First Direct do this also, i was not sure but hope Jo gets lucky.

Hi Jo,

Kallis is spot on as to open one quickly, but have you checked T&C's with HSBC, worst they can do is close it, they might be understanding about it, but no guarantees.

[:D][:D][:D] good one wizzard

great news, well done

Hi Jane,

I don't see this being any issue as your outgoings are not increasing but the best thing to do is to contact your IP and discuss it.

hi david,

My friend in Essex had the same letter from this 'company' and they do what animaleyes has advised.

Continue with your IVA and best of luck david.

Good news Mattp and good to hear it went smoothly. Good luck for the rest of time within your IVA

Hi Tom.ee

If you have been offered a loan at this rate then your credit score may be a bit lower and hence the reason for the APR of 25%. I agree with Foggy and it is on the high side

Hi s.b.w,

On any forms it should ask you for example: In the last 5 years have you been declared Bankrupt or other Insolvency Solution. However it could vary between lenders on how many years it would ask for.

in previous thread I meant to say you can't do a F&F in an IVA