www.iva.co.uk

This company is in a CVA. Ther's irony for you.

They are sending a flashy brochure warning about "Month 54". But then offer mortgage and secured lending advice. After checking them out they aren't authorised by the FSA!!!!
They were once an AR of a fully authorised company.

Where's the FSA when you need them?

What happens in Month 54?

If you are a homeowner and in a five-year based IVA, it is at this time you are required to explore whether you can raise equity to offer a lump sum to your creditors.

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.

I had something from them when I was in my IVA - ironic really as I don't own my own home!

Best steer clear of that company then!

They are just one of the many firms who regularly use the IVA register to find details of "targets". Most people understand that this is just marketing junk mail and discard it - but there must be some people who are drawn in by it otherwise presumably firms like this would not still be in business.

I don't now how they sleep at night. Firms like this should not be allowed to exploit people who are already vulnerable due to their lack of finances and who probably see them as knights in shining armour.

People who post on here are wise to these sort of firms, but there must be so many who have not found it.

Yet another reason to remove the register from public view.

My husband has been in an IVA for 2 years and myself separately for 1 year. Our monthly payments are crippling. I have been approached by Jefferson Hobbs who gives a good arguement to fail our IVAs and allow them to sort through our debt to see if much of it is not 'enforceable'. It is tempting but am also worried that this won't come to fruition and we'll be left with years of debt management. What do you think?

Don't touch any companies like this with a ten foot barge pole.

If you are having problems then approach your own IP first.

This company is unlikely to get your debts written off, it will cost you money you cannot afford and could ultimately end up with years of DMP or even bankruptcy

What is month 54???

Presumably when any equity in a property will have to be released.

see above

If you are a homeowner and in a five-year based IVA, it is at this time you are required to explore whether you can raise equity to offer a lump sum to your creditors.

--------------------------------------------------------------------------------
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

Just had a letter through the post from them saying they have 'IMPORTANT INFORMATION' that they need to discuss with me. Dont think I'll be getting back to them then!

Looks like they might be starting the rounds again then!