I am in an IVA and i am struggling to keep paying it. several people at work have told me to go bankrupt, but i have conflicting info on going bankrupt from IVA. I am also being pestered by a company called Caulfield Berman Accountancy who say i acn do it thru them for £1,000 + £700 court fee. they dont seem to have a good reputation and my IVA comapny has just been bought out by another company with a dodgy reputation. where can i go for uncomplicated unbiased advice??
Hi and welcome to the forum. Your IP should be your first point of call if you're having problems paying your IVA. If Bankruptcy is your best option then you can do this yourself and if you look at the Insolvency website you will find the forms etc. it cost £600 I believe and you will get a date from a court. Skippy's blog is informative in respect of bankruptcy and may be worth a read for you.
You do not need to pay a company to help you with bankruptcy I believe it's fairly straightforward to do it yourself.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Hi
There is no need to spend 1000 pounds for assistance, this is something that you can do yourself without too much trouble. If you do need a company to help fill out the forms for you there are many reputable companies that will do this for at least half the cost of Caulfield Berman
Regards
You certainly don't need to spend that much. There are firms who charge much less or you can do it yourself with help from this forum.
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
In regard to Caulfield Berman,having just done the same as you are asking,I would say,DO NOT TOUCH CAULFIELD BERMAN with a Bargepole.
Even at £100 fee they aren't worth it.
Hard lesson learned.
Well,I have just had my Insolvency Service Interview to discuss
Budget/expense allowances.
Caulfield Berman obviously do not know what these allowances are.
Clearly does not understand the rules regarding Car ownership.
Didn't fill the forms in correctly at the outset.
Couldn't even get my Address correct.
Caulfield Berman made claim I would be on Zero payment due to having no recoverable income or asset.
I have been informed my Budgets in certain areas are higher than allowed,and my car,will be siezed in the next few days.
Caulfield Berman states that if your Car is worth less than £3000 and you require the Vehicle,you can keep it.
In fact,from my Interview,there is no set Value,mine is only worth £1350 and being seized.
So if you don't qualify to keep the Vehicle,then it's Public Transport.
Also,any Budget claimed for Running costs will be removed,and lower your outgoings,and replaced with a Travel Allowance.
In my opinion Caulfield Berman exaggerate to get you to sign up,then
leave you to it.
They also stated they would ring me before the Court hearing to go through any last minute questions/concerns,but failed to do so.
That is some of my personal experience with Caulfield Berman anyhow.
All the best
misters
Unfortunately, it is down to the OR to sort out what you are allowed and what you're not. I'n surprised they are taking the car from you - you can usually keep one up to £2k in value. Have they said why - do you need it for work?
They don't sound a good firm though - this is why we tell people to either do the BR themselves or use a well respected firm who don't charge high prices for the assistance.
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
Hi Kallis
I must admit I was shocked to hear my Car was being taken away.
But as I was told,under Bankruptcy,there is no limit on the Car
Value,it all depends on how much you need it.
I am losing the car as i do not need it "enough"despite my Friends all living at least a 30 minute drive away.
Hi Skippy
Work is a 2 mile walk away
I don't think I can get to work on time by Public Transport either.
I wasn't aware of this fact when being interviewed.
Small Town,2 Industrial Centres and the 1 I work on seems to have no proper service to it despite the Bus Maintenance being there also!!!
I will mention this when the Insolvency Service contact me again regards the Car.
If they have a change of Heart I will update here
Look into public transport timings to make your case. I checked the bus timetables and it worked out that I could either get to work very early (when I wouldn't be able to get into the building) or very late, which obviously isn't an option! Going home presented the same problems.
Same here Skippy,either too early,or too late.
Interview by one Office,but a different Office dealing with the rest.
When I am contacted,I will point out the Issue,and maybe I get to keep my Car too.
Fingers Crossed
