Hi,

Can someone please explain to me what the percentage of additional assets actually means and does the percentage figure vary from IP to IP? Also, what do they take the percentage from? Monies paid in, equity release amount?

So very confused.

Hi, We are at month 54 of our iva and creditfix are looking at releasing equity to pay the remaining balance. I have a couple of questions. 1. Are we forced to take out a second charge mortgage (secured loan) to pay remaining balance? 2. Our app stipulates that we have approx 14k to pay off but the ...

8) Once you have paid the full original debt, plus fees and possible statutory interest the IVA will end if this is before the anticipated end date. You can, if you so wish, allow the IVA to fail -- it will not be cancelled. In this scenario your creditors will add back 'lost' interest and possible ...

Once you have paid the full original debt, plus fees and possible statutory interest the IVA will end if this is before the anticipated end date. You can, if you so wish, allow the IVA to fail -- it will not be cancelled. In this scenario your creditors will add back 'lost' interest and possible ch...

Hi, We entered into an iva back in March and since then our payment has increased due to a pay rise in June. Now my wife has been given a promotion with an extra 10k a year included. Clearly our payment will increase again so my question is if the payment per month we pay into the iva over the remai...

Hi, My wife and I have had our IVA approved but I have a quick question. On the list of creditors that are in included in agreement are all the companies we expected. However, four of them are not showing in the part where it says how each company voted. Is this standard practice or should I contact...

An issue with Lloyds freezing accounts happened to me when I had got my creditor meeting date set. My ex had been using a joint account with them, I had a credit card with them. I had signed papers to have my name taken off the joint account 2months before starting the IVA process, but it wasn't ac...

So they are not allowed to just take my wife's money for us never to see it again when I've got a credit card with them that we are planning on including on our joint iva? As far as I am aware, no, they are not. After all, at the present time the credit card has not, I assume, gone into default, so...

Banks should not freeze accounts because of IVA's -- however they sometimes do it in error, treating the situation as if it was a bankruptcy ---- they should correct this error if that is the case. Some banks,however, are just anti - IVA, in which case they should close the account and give you the...

Hi, First Post, so be kind. My wife and I are in the process of going into an IVA. When we first started the process we were told to change account and setup direct debits etc. to the new account. My wife set the DD's and our pay to go into her Lloyds account because she has no creditors that are li...