Had my appointment this morning...

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Loopy81

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Post by Loopy81 » Thu Aug 19, 2010 9:27 am
Morning all, well I spoke to the lady from CCCS today and as it stands without claiming housing benefit and being realistic on our budget we do not have enough money left over for an IVA. When and if HB is granted we would be able to go ahead, probably without the need to sell the car. She suggested that between now and then we offer token payments.

She mentioned that if my husband and I sold our car and raised enough cash to get our individual oweing to under 15k we could apply for a debt releif order.

I am now very confused and do not know what to do :-(
 
 

Michael Peoples

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Post by Michael Peoples » Thu Aug 19, 2010 9:40 am
Seems very strange and I certainly would not be advising my client to pay off some creditors and put the rest into a DRO. It may be worth taking a second opinion as you do not want to do anything that could cause you major problems.

If you are entitled to HB an IVA can be proposed with the payments to rise when the award is finalised. This gives you protection from creditors but it would be helpful to have some evidence that the award is due.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

relieved33

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Post by relieved33 » Thu Aug 19, 2010 9:47 am
We are with cleardebt who do IVAs with low DI. They have been very good with us and would be well worth a phone call.
 
 

Goosed

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Post by Goosed » Thu Aug 19, 2010 10:08 am
Loopy, look at some of the reviews of IP`s on iva.com, pick 2 or 3 you feel happy with and give them a bell. See what other PROFESSIONAL opinions on your situation are, THEN make your decision on which way to go and who with.
For what my opinion is worth, I`d recommend speaking to Melanie Giles for some no-nonsense,non judgmental, obligation free advice...Don`t panic, there is a solution and it will be found.
Last edited by Goosed on Thu Aug 19, 2010 10:28 am, edited 1 time in total.
"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".

Eric Cantona
 
 

Tina Shortland

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Post by Tina Shortland » Thu Aug 19, 2010 10:21 am
Hi Loopy81, it can be very confusing being told different things and not knowing what to do for the best. As the others suggest give 2 or 3 companies a call and get further advice and don't commit to anything until your are clear and happy to move forward. I would also agree with Michael against the advice to clear some debts in order to apply for a DRO.

Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at www.debtadvicetv.com

If you’re ready to ask us for specific advice or help, then get in touch at www.call-me.debtadvicetv.com so you can start to free yourself from the stress and anxiety of overwhelming debt.
 
 

Loopy81

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Post by Loopy81 » Thu Aug 19, 2010 7:45 pm
Hi all,
I have had a busy day chatting to a couple more IP Firms, I settled on one but had a funny feeling about it so got my husband to do some reasearch into them they do not appear on the IVA.com website and have really bad reviews, so I contacted Cleardebt and they are willing to helo me gain an IVA and I feel a lot more positive with them, so will be phoning the other company back tomorrow and telling them I will not be proceeding with them.
I am gathering all the paper work and drafting token payment letters. I am away nexy week camping with the kids, so the week after that is all systems go.
 
 

Shining

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Post by Shining » Thu Aug 19, 2010 8:07 pm
So glad you've done a bit of research, Cleardebt do have a representative on site adn I'm sure you'll be fine with them. All the best. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Thu Aug 19, 2010 8:14 pm
They are a recommended company on here. You will be in safe hands.
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
 
 

relieved33

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Post by relieved33 » Thu Aug 19, 2010 9:58 pm
Glad you've tried a few. As I said, we're with cleardebt and they have been fantastic - really helpful and non-judgemental. I'm sure they'll do all they can to help you.
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