Hi, Myself and my Wife went into an IVA in July 2011. She has continued with her payments and is up to date. After about 6 months of starting my IVA I managed to get a reduction in my payments. About 3/4 months later we realised we could not keep up both our payments. My Son offered to loan me a sum...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Michael Peoples If your IVA has been failed you will have to propose a totally new IVA based on a one off payment. If the IVA has not been failed another variation will need to be called. What have you...

Did you go to an independant BR advisor,other than your IP advisor.

My iva has failed,not getting much advice of which way to go from my IP.

Thanks

I have had a response from IP ! It is not best practice to canvas creditors for votes, its up to them whether they vote or not. The original meeting was adjourned due to no votes, so all creditors had more than enough time to vote, if they have wished to !! BBS were the only creditor to vote, so the...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by MelanieGiles Then further chasing of your creditors should have occured and I think you need to establish why this did not happen. Variations do require a 75% majority voting in favour, but I would cer...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by MelanieGiles Why didn't your IP canvas more creditors to obtain more votes? What percentage of the aggregate creditor balances does this creditor represent? And why did this creditor rejected your offe...

I have asked for my IVA payments to be reduced. This was proposed to all the creditors, only one company voted and this was against the reduced payments. I now have an option to pay outstanding payments of 2k and carry on with my original payments or the IVA fails !! We have about 15-20k equity in o...

can I claim PPI while in a IVA ??

My IVA advisor, in my opinion has been very unlawful. I will try to explain best I can. He advised us through our IVA. He then got a friend of his from another company, to sort out a directors petition to wind up our company. The company owed about 8k, but had no assets. The friend took £900 first ...

Hi, We were advised by a insolvency practitioner (1), who was dealing with our IVA, to do a Directors Petition to wind up one of our companies. He advised us to use another insolvency practitioner (2), from a different company, who was more specialised in this. I met up with this person (2) over 9 m...

My brotehr in law wants to go into a IVA, but has had advice from a local company. That due to him and his wife having approx 50k in equity, in the home and his wife having further savings, he can not do an IVA !! I think the 50k equity is if they sold at the top of the market, not at todays prices....

My wife and myself are in a IVA which we started in August last year. We have defaulted and asked our supervisor to ask the creditors to take a lower payment. We were due to pay over 5 years approx 50k. This debt is due to us trying to help out my brothers business, by paying for materials on the pr...

I am a director of two companies,company 1 has gone into a cva, owing a substantial amount of money for materials to myself and my wife ( not a director ) my son again not a director . Company 2 is my main form of work and is owed money for work carried out,and also the supply of materials, which ma...

Can anyone assist with CVA. My company went into a CVA in July last year. We did not know at the time, but they were entitled to take our Tax refund ( we are stopped 20% on each payment ) from the previous year. We offered 100% payment to our creditors in the CVA, but we are told that this Tax payme...

If there is negative or very little equity in a property, will they reposes in the case of bankruptcy ?? and from being declared bankrupt, how long before they force a sale of any property. Can they take furniture/personal items from our home ?
Thanks