Hi there,

If it helps, I have a civil service pension and that has not been touched. As far as I am aware. all local government/civil service pensions are protected in BR.

Hi there, Just for information purposes, it is possible to file for bankruptcy whilst in an IVA without the IVA being being failed and terminated. I know this because it is what I did at the beginning of February. I had been in an IVA for just over a year, my circumstances had changed dramatically d...

Hello Melanie, I'm sure that my Ip has done nothing legally wrong in taking the level of fees I mentioned. However, they were made aware of my changing circumstances at all times and even though my payments were reduced temporarily to take into account the additional rent I now pay, at no point did ...

Hi johnt, I don't post on here very often, in fact it's been over a year since my last but wanted to share my own experience. I entered into an IVA in November 2007. Unfortunately, despite feeling I could manage the payments, increases in petrol, utilities etc quickly turned a tight budget into a mo...

Do IVA guidelines consider annual pay rises in line with inflation to be 'Cost of living' increases that do not result in increased payments, or, do these pay rises come under the 50% rule?

John

Received the Chairman's report so thought I would post the voting results, Creditor Value of Vote Accept/Reject Barclaycard £4,33.62 Accept Citifinactial Europe £3,634.35 Accept Lloyds TSB £6,349.45 Accept Lloyds TSB £15,536.94 Accept Total £29,954.46 Capital One £8,999.21 Reject Inteligent Finance,...

Just thought I would provide an update on my situation. I stuck to my guns and Grant Thornton agreed to submit the proposal on my behalf. The creditor's meeting was today at 3.30pm and the proposal was approved with a few modifications. One modification related to Grant Thornton's fees and the other...

Hi there, Stick to your original budget. If you have already put forward the best proposal that you can then allowing your creditors to push you into agreeing to a modification will just result in the IVA failing sooner or later. Grant Thornton are also handling my proposal and I have made it clear ...

Thanks all for the advice. Just to update, I told Grant Thornton that the £785 is a take it or leave it offer for them and my creditors. Made it clear that this is the best offer I can make given my personal circumstances and that there is no modification that will be accepted on my part. If the agr...

Hi there, Debts £69,000 Monthly Income £3748 Monthly Outgoings (demonstrable) £2963 Surplus available £785 Referred to Grant Thornton 5 weeks ago by Myvesta. Received proposal asking for £1150 per month. They totally ignored the breakdown of outgoings in favour of 'industry standard' outgoings. Well...

I have been trying to arrange an IVA but the process is not going well. My wife is not interested in cooperating as the debts are all in my name and she would prefer I declare myself bankrupt. We live in rented accomodation and the only asset I have is my car, valued at £5780. The most frugal choice...