Hi there, thank you everybody for your contributions...most interesting :)I am not sure if i should have explained that we have buy to let properties and residential... The wording I detailed was from a Letter to the Creditors 2012...i have taken a look at the wording in the actual arrangement which...

Hi, i hope someone can clarify things for me ? In my IVA it states that ....in month 54 supervisor required to obtain valuations of the properties. The debtors are then required to obtain two mortgage quotes. The properties are to be remortgaged to a maximum of 85% loan to value less existing secure...

Hi I am hoping someone can advise. We are 2.5 years into an IVA and have 6 buy to let properties all included in the IVA. We have one property in negative equity which has some major drain problems and the freeholder is being difficult about claiming on insurance. Would we be able to hand back the k...

Hi Melanie, thank you so much for the reply...this is a great forum..I think you are all very helpful :) No the debt was not included, Can I just ask that if it went to court in the UK and we received a ccj would it get us in trouble for not declaring it in the first place , I worry a lot and dont w...

we are in an IVA and have an old debt from abroad being pursued through a european order for payment..what happens to the IVA if a judgement is made against us and are you allowed to get a court judgement against you while in an IVA
Any advice would be much appreciated K

Hi Melanie,
they are goldfish,co-op,citibank and egg

Thanks

Melanie,
thank you I am so grateful for your input.
Can you give me the link on creditors voting please because I know that my IP has managed to contact 5 credit card creditors at the close of business today,I so want them to agree to this, they have said that they would look at it.

Thank you

K

Thank you all for your replies. Our IP is chasing for votes so we will have to wait. This is like my worst nightmare. If it is not approved then my husband will have to go bankrupt or we will have to go for DMP I cant bear the thought of the 30 calls a day starting again Liberta and the other expert...

Hes trying now so I darent call him ! I am in such a state !Do you think its likely he will get some?

Melanie, Thank you so much for coming back so quick. I am in rather a panic because our IVA only had one vote today and that was Against by Amex although there were 14 other creditors, I cant believe it! We were offering 59p dividend.(Debts 120K) What do we do now,my husband has 70% of the debt in h...

Can one of the experts please advise? If IVA failed then can the spouse with bulk of the debt go bankrupt? Would residential property be able to be purchased for nominal fee if in negative equity?by the non bankrupt spouse. What would happen to other properties owned but in negative equity?could the...

David Mond wrote:

Sorry "send out" so in this case sending a copy of the Proposal and all papers to the mortgage lender.
x

Hi David,
yes the proposal was sent to all mortgage lenders
Thank you or your input,I look forward to your reply

Elizabeth, thank you for your very comprehensive reply. In answer to your question, NO there was no equity in the property when the IVA was approved and I have since had confirmed that ALL creditors ie both unsecured and secured were advised of the IVA at time of proposal. Does this help clarify? An...

Message for Melanie....
sorry to trouble you is there any news from your lawyers yet on the answer?
Many Thanks for all the time you are putting in

Hi David,
thanks for your message.

Can you clarify something. I realise that joint business debts will be jointly & severally liable but what about individual credit card debts , I thought that these are personal to the individual?
I look forward to your reply

Thanks