An IVA 'trumps' a CCJ and the CCJ should be removed. However, the effect of adding this in to an existing IVA depends on the amounts involved and the reasons it was not disclosed at the start. If it is a relatively small amount, it should slot in seamlessly. But, if it is sufficiently large enough t...

The ultimate ceiling is the total original debt . But the equity release clause has it's own ceilings --- the amount to be released is limited 85% of available equity in your share of the total equity. The repayment for the new lending cannot exceed 50% of your usual IVA payment amount and the term ...

I would suggest a chat with a debt advisor at Citizen's Advice. It could be, as Kallis suggests, that a DRO would be better, or even a debt management plan (Stepchange are good for those, as they do them fee-free). CAB will give unbiased advice as they have no vested interests.

Congratulations .... let's hope they keep up the momentum.

The commonly 'built in' timescale is up to 6 months. However, this can be extended. Many firms complete within 3 months (some even a few weeks), but a few seem to regard the 6 months as a minimum, rather than a maximum.

I would drop regular reminders.

It is common practice to lodge an RX1 at Land Registry when a house owner enters an IVA. This places a restriction on the title deeds so that the IP is warned if you try to sell the property. This is because any equity release from a sale would be payable to creditors. When the IVA completes success...

Thanks Foggy, what about the arrears versus default on a joint loan? Creditors all report defaults and arrears etc. differently, according to their own policies --- it is the state of the loan that is referenced and the loan is in arrears, rather than default. Until such time as the IVA has complet...

The defaults and the IVA come off your credit files at the 6th anniversaries, regardless of settling the IVA early. There are three main credit reference agencies and they will report different creditors, basically, whichever creditors decide to report to them ... some creditors report to none of th...

They will want to know where the money is coming from -- usually friends or family. They will want to see evidence of the funds ( bank statement) and proof of ID of the donor. Monies are usually transferred direct from the donors bank account to the IVA providers client account (not via your bank ac...

F&F offers are usually based on what the creditors stand to get from the IVA, going forward, as it now stands ... so current IVA payment multiplied by the remaining number of payments due (including that 12 month extension if applicable).

Quite often, these days, bankruptcy is a better solution and people take an IVA to try to pay back more, when they do not really have to. If you have no assets or job to protect it is worth thinking about.

As for the review they won't ask for payslips and bank statements? Most firms would -- to check income in the preceeding 12 months -- but, from what you have said Ebenegate might not. From many posts on here it appears that Ebenegate do not put much faith in actual figures and simply use a review t...

From another post of mine on this firm combination : Excellent article on this over at Debt Camel, where, it seems the Vanguard IVA's have been transferred to Tim Pope, operating out of Ebenegate. The Insolvency Service have Mr Pope listed as being the principal of his own firm, TJP Insolvency, so m...

You can discuss your situation with your IP ( try to do everything in writing and / or get written confirmation of anything done / agreed verbally ). Hopefully he/ she will agree to allow you to use any excess from the sale to refit your new home. My biggest worry is how you will be able to finance ...

Bank statements, copy of tax return.