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Posted: Tue Aug 13, 2013 3:39 pm
by xenas
Hello
Can someone advice if Baines and Ernst is a reputable company and has anyone had any bad experiences or good ones as I am thinkning of getting a IVA with them.
I spoke to them and seems good and helpful.
Another question is that do they take the money from my property equity after IVa is finishes at 5years?
Posted: Tue Aug 13, 2013 4:12 pm
by lem
All Ivas will have a property clause to address any equity in year five no matter who you go with, I have no experience of Barnes and Ernst personally so can't advise on that one, have you just spoken with them or anyone else for comparison?
Posted: Tue Aug 13, 2013 4:17 pm
by MerlinL14
I believe that B&E do not administer IVA's they act as a broker and pass you off to an IVA company (could be wrong though). It is always best to seek advice from more than one IP. On a personal note, you may wish to talk with Melanie Giles and/or McCambridge Duffy as they are highly regarded on this forum and have a very good team of communicators.
Posted: Tue Aug 13, 2013 7:11 pm
by Shining
Always best to talk to 2 or 3 providers to ensure that you receive impartial advice that is specific to you before making your final choice
www.iva.com lists some companies with some review maybe your initial choice will be listed on there. Worth taking a look and choosing another couple to talk to. Welcome to the forum by the way and do stick around.
Posted: Tue Aug 13, 2013 9:39 pm
by lillyray
B and E are brokers, they gather all the details and then pass you onto an IVA company. As above I would speak to melanie giles team and a few others to decide what the best way forward is for you.
Posted: Wed Aug 14, 2013 6:05 am
by luluj
Before deciding which provider to use look at the link in Lesley's post ... You will gain a whole list of potential providers that come highly recommended..... Best wishes.
Posted: Wed Aug 14, 2013 10:45 am
by Kelly O
Hi xenas and welcome to the forum
You will find lots of help and support on the forum from other who have been the same position.
It can be tempting to go with the first company that offer you a solution to your problems but i suggest that you speak with a few companies before you make a final decsion.
The equity clause should be clearly explained to you so you know what to expect in year 4 of your IVA, you really do not want any nasty suprises.