www.iva.co.uk

Hello, This is the first time for me. I have been reading the forum for a while now and it been great. I need some advise. Me & my husband are currently seeking a joint IVA. We are so close to having our proposal drafted, however we no longer feel confident with the current company we are using. I have asked for all the documents to be returned back.

I have looked on the IVA most recommended and was wondering if anyone has used Cleardebt? I have browsed the reviews posted on the company. But just a few questions to help us make a more informed choice as we don't want to be going backwards again.

What has the experience been like for anyone who has used the company? Do you have one individual who is your point of contact or is it like a call centre?

Now that we asked for the paperwork back would the process take as long? Or would it be fairly quickly, as it has taken almost 6/7 weeks to gather all the information.

Sorry for so many questions , Just need some advise

Hi there and a warm welcome to the forum

First of all there is not such thing as a joint IVA. What I think you mean are individual IVAs which are mutual and interlock - so that both sets of creditors receive the same dividend from a combined contribution which is offered from your joint disposable income. These are generally used when parties could not make a viable offer on their own, but with the removal of hurdle rates we should see them less and less - and the procedure should not be used unless absolutely necessary.

Sorry but as an insolvency practitioner myself, I cannot comment on the practices of other firms of insolvency practitioners, but your proposal should not take more than a couple of weeks to prepare so long as you provide the IP with a full set of documentation, and assuming that they verify your creditor balances independently as soon as this exercise is complete the proposals ought to be available fairly soon afterwards.

Representatives from Cleardebt are regular posters on the forum, and will be able to tell you more about their procedures either on or off line.

Good luck with the proposal, and let us know how you get on.

I recommend that you give a couple of firms a call. You can use the ones on www.iva.com. I don't know if this is the site that you have looked at.

You can also click on the expert link on the left hand side of the page here, all the professionals on there come highly recommended by other posters.

Make sure you are totally happy with the firm that you use as 5 years is a long time to have a bad relationship which you cannot get out of.

I can't comment directly on your question here, for obvious reasons, but do feel free to contact me offline at any time for a chat if you wish, my details are in the experts section on the left hand side.

Regards.

Size 5 is right and it is difficult to comment but you will have one point of contact once the initial appraisal that an IVA is considered the most appropriate solution. My firm allocates a Personal Insolvency Advisor who will take you through the whole process. Give Size5 a ring and let us know how you get on.

Good luck with your proposal and please keep posting to let us know how you're getting on x