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Search found 392 matches Page 3 of 27
by Cybus
Tue Dec 02, 2008 9:16 am
Forum: Ask IVA Forum and Industry experts
Topic: Fees
Replies: 3
Views: 1091

I also am of the opinion that it would not purely have been on the basis of high fees. The IP acting on your behalf should have explained to you the reasons for rejection. On receipt of the rejection proxy I would expect him / her to have contacted you to explain the position and between you and the...
by Cybus
Wed Nov 26, 2008 9:41 pm
Forum: Ask IVA Forum and Industry experts
Topic: update
Replies: 44
Views: 4384

I'm not quite sure what Accuma's problem is here, but I am also not familiar with the ins and outs of your IVA. If you have asked for a meeting of creditors to be convened, then the IP has a responsibility to do deal with that request and convene a meeting. I wonder why Accuma are now questioning yo...
by Cybus
Wed Nov 26, 2008 8:55 pm
Forum: full and final settlements
Topic: Full and Final Settlement
Replies: 7
Views: 2265

If you are considering offering full and final settlement to your creditors, the amount you are proposing to introduce will be on top of what you have already paid. I'm not quite sure I understand the information you have provided here - Original Debt: 17K IVA: 13K Paid Off: 3K Monthly IVA: 230 I ha...
by Cybus
Wed Nov 26, 2008 8:37 pm
Forum: Ask IVA Forum and Industry experts
Topic: Impartial advice?
Replies: 16
Views: 2465

If you have only spoken to one person, then my advice would be to seek two or three other opinions. You will not be able to gauge if the advice given to you already is impartial unless you do that. In bankruptcy, although the house might have negative equity, the Trustee will still seek to realise y...
by Cybus
Wed Nov 26, 2008 8:12 pm
Forum: Ask IVA Forum and Industry experts
Topic: Credit Report
Replies: 3
Views: 972

Assuming you get automatic discharge from your bankruptcy, I don't think there is really anything that can be achieved until you have confirmation of that discharge which you can then forward to Experian. Your bankruptcy will remain on your credit record for a period of six years from the date of th...
by Cybus
Wed Nov 26, 2008 8:06 pm
Forum: Ask IVA Forum and Industry experts
Topic: creditor bankrupcy minimum debt
Replies: 3
Views: 1022

That's a new one on me ... where have you heard that from?
by Cybus
Wed Nov 26, 2008 7:57 pm
Forum: Ask IVA Forum and Industry experts
Topic: Impartial advice?
Replies: 16
Views: 2465

Basically, someone in your position should have each of the available options explained to you. This should include the respective advantages and disadvantages of each of those options. It is then for you to decide on what course you feel best suits you. In discussing those options, the other person...
by Cybus
Thu Nov 20, 2008 8:33 pm
Forum: Ask IVA Forum and Industry experts
Topic: Are residents of Guernsey
Replies: 2
Views: 1572

That could all depend on whether you have a main residency or center of business in England and Wales.

If not, then I believe the answer is no. Doesn't Guernsey have it's own Insolvency Laws?
by Cybus
Thu Nov 20, 2008 8:52 am
Forum: Ask IVA Forum and Industry experts
Topic: can taxman be included in my IVA?
Replies: 3
Views: 1186

If you are in an IVA then they should already be included.
If not, but are considering it, then they would be included, yes.
by Cybus
Wed Nov 19, 2008 1:30 pm
Forum: Ask IVA Forum and Industry experts
Topic: Insolvency register
Replies: 1
Views: 770

Yes, all IVA's and bankruptcies are recorded on there. It is not your responsibility to ensure that your details are recorded on the register, it is that of your supervisor. However, given that the arrangement was approved in October, I would have expected the details to have appeared by now. It is ...
by Cybus
Fri Nov 14, 2008 2:36 pm
Forum: Ask IVA Forum and Industry experts
Topic: Creditors in IVA decisions
Replies: 3
Views: 1134

It all depends on who votes on the day . Generally it can be said that any creditor voting on the day whose liability exceeds 25% in value of the votes cast that day has a casting vote. It does not necessarily have to be one creditor. A representative, such as TiX or KPMG might act for more than one...
by Cybus
Wed Nov 12, 2008 7:22 pm
Forum: Ask IVA Forum and Industry experts
Topic: i have sucessfully completed my iva
Replies: 6
Views: 1443

The IVA will stay on your credit record for a period of 6 years from the date that it was approved. There is nothing to prevent you from contacting the various credit reference agencies and asking them if there is any way that you can have your credit record reflect that the terms of the arrangement...
by Cybus
Tue Nov 04, 2008 2:03 pm
Forum: Ask IVA Forum and Industry experts
Topic: DMP Term
Replies: 27
Views: 2655

Whats to stop the companies just adding more interest on when the end is in sight again?? I really cannot see why anyone would enter into a DMP where no one has to play by any rules.(except the person in debt!!!) That is an interesting point. I'm not familiar with the workings of a Debt Management ...
by Cybus
Tue Nov 04, 2008 1:42 pm
Forum: Ask IVA Forum and Industry experts
Topic: Question
Replies: 5
Views: 1066

The debt does not die with them.

The debts would become due from the estate of the deceased and unless I am mistaken, I believe the debts take priority to the beneficiaries of the estate.
by Cybus
Fri Oct 24, 2008 7:06 pm
Forum: Ask IVA Forum and Industry experts
Topic: is this legal ?
Replies: 39
Views: 3546

It is also worth pointing out that there are certain creditors who will NOT support an IVA if the debt has been incurred relatively recently. Further if you openly suggest that you are considering doing such a thing and are subsequently made bankrupt ... you're almost certainly going to be up in Cou...
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