Search found 15 matches

Search found 15 matches Page 1 of 1
by hth
Wed Mar 07, 2012 4:20 pm
Forum: Ask IVA Forum and Industry experts
Topic: Mortgage Interest Rise
Replies: 11
Views: 1498

It's a shame if you weren't advised that bankruptcy would not mean losing your home before you entered the IVA, or even when your circumstances changed and things became difficult. As others have said, you have made every effort to keep the IVA going, if it has to end you go bankrupt then you know y...
by hth
Thu Mar 01, 2012 10:57 pm
Forum: Ask IVA Forum and Industry experts
Topic: Hello, I made my final payment to my IVA after 5 years
Replies: 7
Views: 1616

Hi Chris, it doesn't look to me like an IVA was the wrong solution for you, if you had opted for bankruptcy you would have almost certainly had to forfeit your car for a cheaper one, assuming you required a vehicle for getting to work you would have been allowed at a value of less than £2,000. You ...
by hth
Sat Feb 25, 2012 7:13 pm
Forum: Ask IVA Forum and Industry experts
Topic: Case Officer number 5 please!
Replies: 75
Views: 7256

The term case worker is a little bit suspect here I think, it gives you the impression you will have a dedicated person who will assist you through your iva, a buddy so to speak, which when starting the process and feeling vulnerable will no doubt sound quite comforting, when in reality all applican...
by hth
Sat Feb 25, 2012 6:41 pm
Forum: Ask IVA Forum and Industry experts
Topic: getting my own place
Replies: 3
Views: 1143

Hi, i think you will find it very difficult to get a mortgage while you have an IVA, apart from anything else affordability would be a problem, you would need a very large deposit to start with. Owning a property may also create unwanted complications in your IVA. Renting is a better option if you r...
by hth
Fri Feb 24, 2012 7:47 pm
Forum: Ask IVA Forum and Industry experts
Topic: 40k unsecured debt. 75k equity. Was IVA the best option ?
Replies: 58
Views: 7486

Hi James, from the information you have supplied it is hard to see how a DMP would have been a better option than the IVA. As others have pointed out the IVA has given you the protection from your creditors, in a DMP they could well have applied to place equitable charges on your property, which wou...
by hth
Thu Feb 23, 2012 11:16 pm
Forum: Ask IVA Forum and Industry experts
Topic: Is this for us?
Replies: 5
Views: 1122

Hi yanyan, sorry to read that things have become so difficult for you, having previously spent 25yrs as a self employed sole trader I can immediately relate you what you say. Is it a courier business, or taxis maybe? It is definitely worth exploring the option of an IVA, it may well be the best opot...
by hth
Sun Feb 19, 2012 9:12 pm
Forum: Ask IVA Forum and Industry experts
Topic: Not sure?
Replies: 6
Views: 1049

Hi John, Lesley is correct in that if you have acknowledged the fact that you are insolvent you should cease to use credit. However, it's possible that you have only been surviving by using the overdraft facility, in which case you may need to use some of that money to get you through to payday with...
by hth
Sun Feb 19, 2012 8:55 pm
Forum: Ask IVA Forum and Industry experts
Topic: can i get a iva with a debt from a hire car company ?
Replies: 5
Views: 971

Hi Kim.3, If it's a car you have previously hired and no longer have the use of it but there is an outstanding bill, then yes you could include that debt in an IVA. It would be treated in the same way as all your other unsecured debts. Like the others say, best to speak with someone to establish you...
by hth
Sat Feb 18, 2012 5:57 pm
Forum: Ask IVA Forum and Industry experts
Topic: In a major panic !
Replies: 17
Views: 2180

Hi Mrs R, what bad timing for you, just when you are on the final approach. In a way it is better that this happened now rather than in 1months time, although even then I'm sure every effort would be made to assist you. I would expect that you IP will be able to make the adjustments required but it ...
by hth
Sat Feb 18, 2012 4:48 pm
Forum: Ask IVA Forum and Industry experts
Topic: My mum has taken a loan out in her name
Replies: 29
Views: 2736

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Broke of London I'm in agreement with you Foggy! It is the point I was trying to make above. There are two loans here - one btwn mum and bank and one btwn Hazel and Mum. As long as there is evidence to...
by hth
Sat Feb 18, 2012 4:32 pm
Forum: Ask IVA Forum and Industry experts
Topic: My mum has taken a loan out in her name
Replies: 29
Views: 2736

In most cases where relatives take loans for family members there will be evidence of a bank tansfer between the 2 accounts, how else would the money be exchanged, cash I suppose, unlikely though. If the debt to mum can be documented then she will have to be included in the IVA as a creditor, them's...
by hth
Sat Feb 18, 2012 4:01 pm
Forum: Ask IVA Forum and Industry experts
Topic: My mum has taken a loan out in her name
Replies: 29
Views: 2736

Hi Hazel, Unfortunately your mum wouldn't receive a dividend in your IVA as she would be an associate creditor, she would be entitled to vote on your proposal but would almost certainly be expected to defer her interest until the IVA was complete, so this would be no help to you at all, she can't af...
by hth
Fri Feb 17, 2012 9:32 pm
Forum: Ask IVA Forum and Industry experts
Topic: Trying to pay off my IVA
Replies: 22
Views: 2180

Not sure just what I've done to rock the boat here, perhaps someone can explain. The OP contacted me to ask for advice because she had been trying for 3mths to obtain a particular response from Melanie and her team, as she stated she is 2weeks away from losing a buyer for her house, which, if comple...
by hth
Fri Feb 17, 2012 8:45 pm
Forum: Ask IVA Forum and Industry experts
Topic: Trying to pay off my IVA
Replies: 22
Views: 2180

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by kallis3 Sorry hth but what info have you provided to the OP? Melanie prefers to discuss things off forum and I'm surprised that the OP has gone somewhere else for advice. Which company do you work for?...
by hth
Fri Feb 17, 2012 7:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: Trying to pay off my IVA
Replies: 22
Views: 2180

Glad to have been able to help you with this Anne-Marie, once you had explained your dilemma to me when you called I was convinced that a post on here would get results, although what a shame you had to go to such lengths to make anything happen. I note that you joined the forum to find some guidanc...
Search found 15 matches Page 1 of 1
Go to advanced search