Congrats Mo on your completion of IVA (almost)

What do you mean Grumple - "Thought we'd finally cracked it.....we were wrong"

4 more payments and an equity release til debt freedom.

Thanks for your advice mrs skint

Hi can you tell me please is it possible to cash in pension to pay off IVA

Thanks Scooby

Hi all My wife and I were just made redundant we a week ago we have both now got new jobs however my income is now less than before but hers is more. Overall we are a now earning about £1000/year less than before however as we only pay 27p / £ we do not think a revision is worth while to our IVA and...

Hi and good luck for today

I am a bit confused though if your IVA was rejected at 29p per £ then how can you afford to pay 53p per £ this is nearly a 85% rise.

Scooby

Thanks Melanie that is very useful to know My wife and I did a joint IVA I earn 24000 she earns 8000 we are both being made redundant if I get a job earning 20000 and she gets one earning 12000 is that also acceptable as the IVA was approved with total earnings of 32000 or will we have to pay more a...

Looking at these figures I would say bankruptcy is best option 5 years in an IVA is a long time if you cannot afford the monthly payments

Scooby

I currently earn 24000 if I take a job for 18000 plus overtime to make it up to 24000 would I need to pay 50% of this overtime as this is the ammount I used to earn prior to redundancy or just 50% of overtime in excess of 24000?


Scooby

Hi my wife works at the same place as me and the company is closing so we will both be out of work my biggest concern is that we now pay 25p in the pound to our joint IVA iff we get jobs on less money what will happen because I dont think creditors will acccept any less.

Scooby

What will happen if you get a job for significantly less than you are currently earning and you already only pay 25p per £.

Scooby

Hi can you tell me is a redundancy payout classed as a windfall would 50% have to go to the creditors?

Scooby

Thanks Kerri probably get another job quite easily just not as muck as on now so who knows what will now happen but whats the worst that can happen lose house its only a house.
Probably not a bad thing if went bankrupt get rid of all debt in one go and end up paying back less.

Scooby

Hi I currently have a bank account with Nationwide they were not a creditor I have no overdraft facility with this account however it has a Visa Debit Card with it and a cheque book am I still allowed this account and cheque book if I do not go overdrawn or are these facilities associated with my ac...

why you offering??
lol

Scooby

Also I have only made 3 payments to my IVA will this have any bearing on the situation?

Scooby