What happens with cars during an IVA??

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Adam16

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Post by Adam16 » Sat Jul 11, 2009 4:17 pm
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You get a montly allowance for car maintenance. But you need to be realistic about it. Mine is circa £30 (this includes tax) and it isnt enough, so I am funding it from other areas of my budget unfortunately. I will review this with my IP at my yearly I&E review, as I have had a payrise and this is easing the situation somewhat. Car tax alone is £235.
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kallis3

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Post by kallis3 » Sat Jul 11, 2009 4:20 pm
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Ouch! That's a lot of car tax.

Ours is £180 (or thereabouts).
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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MelanieGiles

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Post by MelanieGiles » Sat Jul 11, 2009 4:20 pm
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Car tax should have a separate allowance and should not have to be funded from your car maintenance budget.
Regards, Melanie Giles, Insolvency Practitioner
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Adam16

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Post by Adam16 » Sat Jul 11, 2009 4:25 pm
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You are quite correct. Apologies I have checked my documentation.

Mine is 20 for tax and 20 for maintenance.
Last edited by Adam16 on Sat Jul 11, 2009 4:26 pm, edited 1 time in total.
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headbanger

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Post by headbanger » Sat Jul 11, 2009 4:26 pm
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I love this forum. Brill advice. Trying to get some time this weekend to fill in enquiry form to send of to you melanie. I am just going to keep banging the questions into the forum in the mean time
Started a DMP sept '09
IVA since Dec '11
Completion Certificate Dec '16
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Adam16

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Post by Adam16 » Sat Jul 11, 2009 4:29 pm
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I will add that I did agree to my I&E so by no means am I criticising. I am 100% happy with my IVA, but it is still a learning process.

I can 100% recommend Melanie's team headbanger. My IP is Susan. (Although on the register it says Melanie... always wondered about that!)
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MelanieGiles

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Post by MelanieGiles » Sat Jul 11, 2009 4:30 pm
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Will look forward to hearing from you, and hope that we will be able to help.
Regards, Melanie Giles, Insolvency Practitioner
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headbanger

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Post by headbanger » Sat Jul 11, 2009 10:05 pm
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Thanks Melanie. I do hope you are the bizz. Many fine words are said about you. Starting to dig out paperwork to get correct info for I & E details. Rang morgage Co to get this years statement as I can't find it.
Started a DMP sept '09
IVA since Dec '11
Completion Certificate Dec '16
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kallis3

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Post by kallis3 » Sat Jul 11, 2009 10:09 pm
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She is the biz. You won't find a bad word said about her on here.
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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MelanieGiles

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Post by MelanieGiles » Sun Jul 12, 2009 12:01 am
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Well I am not sure about being the "bizz", but I can guarantee that we will find a solution to your debt problems for you.
Regards, Melanie Giles, Insolvency Practitioner
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marky b

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Post by marky b » Sun Jul 12, 2009 8:18 am
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just how many people are in the same situation at any given time, i wonder.m getting my paperwork together and should have it all this week.
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kallis3

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Post by kallis3 » Sun Jul 12, 2009 8:51 am
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A lot more than we know of on here!

Melanie, of course you are 'the biz'!
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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MelanieGiles

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Post by MelanieGiles » Sun Jul 12, 2009 10:16 am
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[:D][:D][:D]
Regards, Melanie Giles, Insolvency Practitioner
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headbanger

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Post by headbanger » Sun Jul 12, 2009 6:23 pm
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I think I would have to buy the car tax stamps every month to be on the safe side
Started a DMP sept '09
IVA since Dec '11
Completion Certificate Dec '16
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kallis3

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Post by kallis3 » Sun Jul 12, 2009 7:03 pm
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At least doing that you know that you have the money set aside to pay for it.
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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