www.iva.co.uk

we have finally received our proposal.
the ip has asked us to send the first payment back with the signed proposal.
what is the best option to do this without a cheque book?.
don't fancy sending cash even via recorded/registered.
what did other forum users do.
postal order?

Hi olympic torch

You could use a postal order, or effect a telegraphic transfer from your bank account to your IP's client account.

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

thanks melanie

Hi
Both of the above will cost you extra.
Why not set up a standing order with your IP,it will not hurt if it takes a few days for them to receive your first payment.
Regards

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

I would not recommend that method of payment until the IVA has been set up. The IP is unlikely to have a client account set up so soon, and will no doubt put the cheque in his client account pending the acceptance at the creditors meeting. After this a designated client bank account will be set up for the case. If the first payment is made by standing order, it will only have to be changed when the new account is set up - causing an admistrative issue which I have often seen go wrong. If the nominal payment for a postal order is too much to bear, send your IP a cheque for the balance less the charge.

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

I agree with Melanie that a Standing Order is possibly not the best method at this stage.

Your bank should be able to issue you with a corporate cheque from your account over the counter for free.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

Are you sure that they are free Oliver ??
I would be very surprised,Woolwich now charge £10 to print a cheque,it used to be free a few months ago.
Maybe a forum member can suggest a way to pay other than postal order or telegraphic transfer ??
Regards


Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

Andy cant you just go to the bank and make a single transfer to their account9 obviously need their details but I haver done this before. Or via internet banking if they have it.

Ang

You could Aguise but both would be the same as a standing order,just a simple transfer of money between two accounts.
regards

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

blimey!
that caused a bit of a debate, and i thought it was a simple question.
mrs torch still has a cheque book with lloyds tsb, on an account in her name, which is overdrawn, but still live.
she also has a debit card on the account, i didn't fancy using it as lloyds tsb are our major creditor and i didn't want to annoy them, but, maybe we can sneak one through?

Hi Andy,

Congrats on your new role, you are doing a sterling job.

I recently had a corporate cheque made out to me by Barclays for free. It was for over £500 though so maybe it is dependant on the amount. I'm sure the bank would waive any potential fee as a one off good will gesture.



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

Hi Olympic
I would be careful using the Lloyds account as you would be going further overdrawn and as you are proposing an Iva the bank would frown upon this.Best to send a postal order as suggested.
Regards

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

I set up a standing order for £190 per month and have already paid 1 payment of this, I was told it was towards the IVA fund if and when it was accepted. I was told that if the IVA was rejected any money paid would be kept for fees. I have since realised that the IVA is totally unworkable and have not signed and returned the proposal. I have cancelled the standing order to save up for bankruptcy fees, but they have already had the £190

Ask them for a refund!

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

thanks melanie & neverending.
sent a postal order in the end, although it cost an extra £8+.
they would not accept a cheque from an overdrawn account, only from relative or friend(gold star to neverending).
were not set up to accept debit card payments.
did not want to send cash, as post office had already lost an envelope full of private documents previously.
have sent proposal and postal order via royal mail 'next day by 1pm' special delivery.