The unsecured debts are not your responsibility unless personally guaranteed by yourself. As Andy says you should seek advice from a couple of IP firms. Just on a technical point, whilst not suspecting it to be the case here, it is worth pointing out that there are instances when a director of a li...

My opinion differs from that of Lady H. Well, I'm not sure it's quite clear cut that your husband's credit profile will not be adversely affected. It does depend very much on the account itself and how it is operated For instance, if the joint account is operated using an overdraft facility, then te...

It may be worth viewing this topic which covers extensions to arrangements that do not require the sanction of the creditors, but of which they need to be aware

http://iva.co.uk/forum/topic.asp?TOPIC_ ... hichpage=1

A satisfactory conclusion would be the arrangement giving the stated return to creditors within the stipulated timescale in accordance with the terms of the proposal. In the event of there not being a satisfactory conclusion then what happens to the monies paid in to the arrangement is dependent on ...

Just to add my two penneth. In answer to the question that you asked ... Is bankruptcy the only option? If your husband has seen a reputable Insolvency Practitioner, he should have been talked through each of the alternatives that are available to him, in his financial position. IVA and Bankruptcy a...

I have made an edit to my post, which I think answers the question.

Unless you have been served with the requisite notice, I believe the arrangement was unsatisfactorily concluded after two months. I cannot confidently say that I am 100% right though.

If my interpretation of the Standard Terms and Conditions is correct ... Your arrangement could be extended by the Supervisor, solely for the purposes of fulfilling the the arrangement. This may be done on only 2 occasions. The First Extension may be for a maximum of 6 months and the second for a ma...

It's not rocket science, no.

At least not until you get involved with these sorts and get bamboozled in to thinking you cannot possibly handle the paperwork. That's were theyll try to hook you.

These people have a website. It looks very familiar to and contains a lot of the exact same information of a site that was going by either the IVA Review Board or some other such name some time ago. I did have them in my favourites but because they seemed to die a death, I must have removed them in ...

I wonder if anybody has actually considered what might happen to any payment protection (I was thinking of mortgages in particular ) in the redundancy situation. You would also be wise to consider what happens to that in the scenarios of both voluntary and compulsory redundancy. I believe there are ...

I think one of the first things you should look at is whether, in the current economic climate, you will actually be able to release equity from your property. I am sure that you will have to disclose your circumstances to any potential secured lender. I would imagine that a lot will hinge on your a...

Have you satisfied the terms of your IVA?

If so, that money is yours to do with as you please.

I think you would probably need to check the terms of the arrangement, with your current IP. I'm not sure there can be a joint IVA? Two sole arrangements can be run as interlocking and I suspect this might be the case with yours? You are going to need to check the terms of the proposals - Was there ...

I have only just seen this post. I can say with confidence that I don't have a clue who you are James.c I am not an IP, I am not covering up either. I just choose to remain anonymous. I have worked in the profession for a number of years. I hope what I post on here is useful and helpful. I aim to be...

The person to ask in this instance is your supervisor. Because the VA is almost 2 years old, there may be clauses in, or modifications to, the proposal that deal with bankruptcy and its funding. It may well be that the Supervisor has to retain sufficient funds with which to petition for your bankrup...