I got the Spanish Lottery win in the post last week!

I do know some IPs who consider that a tax rebate is after acquired property and demand that all of the money is payable into the IVA. From that point of view it is worth checking the proposal and any modifications as well as speaking to your Supervisor. I think it should be income as in effect you ...

Lloyds TSB sometimes do sometimes take a view on large percentage debts but it is not always the case. A proportion of the equity will be brought in during the IVA but it is over 5 years, then that is it. You owe almost £30k so you need to think of your payments in a DMP, you could be paying for a l...

Payments prior to meetings are common but it is up to the IP firm and the way they operate.

Melanie makes a lot of sense. My experience is that most creditors are understanding as long as you show you are still trying to make available as much in repayments as you can, given your revised income and expenditure. The pitter patter of tiny feet should be a joy, not something to be feared. Goo...

As long as you do not have or have access to an overdraft, yes you can have a current account in an IVA. The golden rule is no future credit can be taken but the combination of a debit card and no overdraft means this is OK. A word of warning though. If you have credit with your bank they may cancel...

Congrats! This is what going into an IVA should be all about. Best of luck.

I was in contact with this company several years ago and they were trying to "buy out" IVAs then. Saw it for what it was then but I worry about people in an IVA getting such letters.

You can't argue with the advice of the posts. I am an IP and I would always suggest you speak to several companies. Just make sure they are qualified to give the right advice as there are a lot of myths out there! I would recommend getting the advice sooner rather than later as the creditors are not...