on the last 18 months of iva.been hard.

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orange

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Post by orange » Tue Jan 27, 2009 12:16 pm
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on the last 18 months of iva.been hard.does the panel think weve any chance of the iva ending in 18 monthe due the present climate
completed july 2011
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kallis3

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Post by kallis3 » Tue Jan 27, 2009 1:05 pm
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Not quite sure I totally understand the question, but if you only have 18 months to go, then that is when your IVA should finish unless you have any arrears to catch up on, or if you have to remortgage and can't do so and your IVA goes on for another 12 months.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Adam Davies

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Post by Adam Davies » Tue Jan 27, 2009 1:54 pm
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Hi
If your IVA was set for five years and as Kallis states you are not in arrears then yes your IVA will finish in eighteen months and you will be debt free
Regards
Andam Davies
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orange

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Post by orange » Tue Jan 27, 2009 8:34 pm
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ww have a equity clause ,what if house prices continue to drop...can they make us continue for another year
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Skippy

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Post by Skippy » Tue Jan 27, 2009 8:41 pm
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You would need to check the terms of your IVA, and if you're not sure check with your IP.
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kallis3

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Post by kallis3 » Tue Jan 27, 2009 10:20 pm
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Check your proposal, it should say on there whether or not your IVA will conclude or whether it will carry on, if you are not sure, then Skippy is right, contact your IP.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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orange

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Post by orange » Tue Feb 03, 2009 12:02 pm
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our ip isnt exactly very nice to us and each time we have a review we have to jump through hoops to get an ok,they seam to be after every penny we have
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MelanieGiles

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Post by MelanieGiles » Tue Feb 03, 2009 12:07 pm
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There is no need for them to be like that - IPs ought to be helping their clients to make ongoing affordable repayments in the best interests of creditors.
Regards, Melanie Giles, Insolvency Practitioner
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orange

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Post by orange » Tue Feb 03, 2009 12:09 pm
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can they take working tax credit off us,and can we change to you please melaine ? your much more human
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David Mond

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Post by David Mond » Tue Feb 03, 2009 12:13 pm
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They can only request from you that much of your disposable income you have left after all income including working tax credits but deducting all your outgoings which cannot exceed the CCCS guidelines.

Unfortunately you are stuck with your current IP.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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orange

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Post by orange » Tue Feb 03, 2009 12:15 pm
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thats not fair we get that money for our child to go to nursery without which i wont be able to work ?
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orange

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Post by orange » Tue Feb 03, 2009 12:17 pm
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can we complain if we think they are been unfair.
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orange

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Post by orange » Tue Feb 03, 2009 12:22 pm
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we didnt realise we were suposed to tell them about working tax it bearley covers nursery
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kallis3

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Post by kallis3 » Tue Feb 03, 2009 12:25 pm
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You should tell them about all income.

Have you actually been speaking to your IP, or just one of the office workers?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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orange

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Post by orange » Tue Feb 03, 2009 12:29 pm
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not sure....oh well they will be finding our re working tax...lets see what happens
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