Search found 15 matches

Search found 15 matches Page 1 of 1
by chestercity
Mon Feb 12, 2018 11:32 am
Forum: Ask IVA Forum and Industry experts
Topic: Hi inlaws looking at Iva/bankruptcy?
Replies: 14
Views: 3238
Hi No assets and no one to help them with a lump sum offer. I’ve googled equity release schemes and only suitable for people with little or no outstanding mortgage balance and capped at 50% LTV...... Looking like bankruptcy but advising them to talk through figures with Iva company first As nothing ...
by chestercity
Mon Feb 12, 2018 9:56 am
Forum: Ask IVA Forum and Industry experts
Topic: Hi inlaws looking at Iva/bankruptcy?
Replies: 14
Views: 3238
HI

Thanks for all your replies!

I don’t think equity release is an option as they are currently at 80% LTV and the bank won’t lend above this amount to 2 pensioners :shock:
by chestercity
Mon Feb 12, 2018 9:47 am
Forum: Ask IVA Forum and Industry experts
Topic: Hi inlaws looking at Iva/bankruptcy?
Replies: 14
Views: 3238
The equity element is what I need to get my head around! After fees etc they would probably be looking at £18000 equity but obviously would struggle to find a new house/rent on income levels. Is Any level of equity protected in bankruptcy? Obviously they may not have the option if circa £100 would n...
by chestercity
Mon Feb 12, 2018 9:43 am
Forum: Ask IVA Forum and Industry experts
Topic: Hi inlaws looking at Iva/bankruptcy?
Replies: 14
Views: 3238
Hi Lisa

Thanks for the reply

Know they didn’t include current credit repayments! They’re monthly state pension income jointly is £1200 (no other source of income) and their monthly living costs comes just under £1100!
by chestercity
Mon Feb 12, 2018 8:41 am
Forum: Ask IVA Forum and Industry experts
Topic: Hi inlaws looking at Iva/bankruptcy?
Replies: 14
Views: 3238
Hi I successfully competed my Iva about 5 years ago and now my inlaws are going through the same thing. A lot of things seem to have changed since then so I’d thought I’d ask you guys some questions! Inlaws owe £50k on credit cards only. Only income state pension no assets. On my workings out they c...

by chestercity
Fri Sep 24, 2010 4:38 pm
Forum: Ask IVA Forum and Industry experts
Topic: 4 weekly pay
Replies: 4
Views: 1043
I get paid every 4 weeks meaning I have 13 pay days a year. My iva is worked out on 12 annual repayments (presumeably all 12 payments increased to make up for the extra pay day). Am i right in presuming that in the month i get paid twice i dont only have to hand over anything extra.

thanks

glen

by chestercity
Thu Sep 23, 2010 8:36 am
Forum: Ask IVA Forum and Industry experts
Topic: pension!
Replies: 5
Views: 747
thanks

by chestercity
Sun Jul 04, 2010 11:43 am
Forum: Ask IVA Forum and Industry experts
Topic: how much discretion does ip have to reduce payment
Replies: 3
Views: 767
...without having to get agreement from your creditors?

thanks

by chestercity
Sun Jul 04, 2010 9:51 am
Forum: Ask IVA Forum and Industry experts
Topic: Annual Review Questions
Replies: 12
Views: 1259
Hi Melanie

Im waiting for them to come back so I will keep you updated.What about the review documents? My review was due in May and im still waiting for it. Will they send me a draft first?

leo

by chestercity
Sat Jul 03, 2010 2:23 pm
Forum: Ask IVA Forum and Industry experts
Topic: Annual Review Questions
Replies: 12
Views: 1259
tax i believe is not neccessary Melanie as our child is looked after in our home so dont think it would fall into the PAYE of a childminding business. Also its only 6-8hrs a week on an informal basis for a minimum amount (more of a gift than a reflection of the hours worked). That said though the it...

by chestercity
Sat Jul 03, 2010 11:40 am
Forum: Ask IVA Forum and Industry experts
Topic: Annual Review Questions
Replies: 12
Views: 1259
Can anyone tell me where I can find the household guidlines if they can't be posted?

thanks

leo

by chestercity
Fri Jul 02, 2010 8:47 pm
Forum: Ask IVA Forum and Industry experts
Topic: Annual Review Questions
Replies: 12
Views: 1259
thanks kallis

yes ive just completed the first year of my iva!

I told my iva company that im having to pay a family member for child care (much less then an ofsted approved carer would cost!) yet they have ignored this completley in my expenditure!

leo

by chestercity
Fri Jul 02, 2010 8:00 pm
Forum: Ask IVA Forum and Industry experts
Topic: Annual Review Questions
Replies: 12
Views: 1259
can anyone help?

leo

by chestercity
Fri Jul 02, 2010 5:19 pm
Forum: Ask IVA Forum and Industry experts
Topic: Annual Review Questions
Replies: 12
Views: 1259
Hi guys. I'd appreciate it if you could help with these 3 questions! 1) Is the cost of childcare allowed in your expenditure? Me and my partner work and have to pay for private childcare for 9 hours a week for our 6 year old.(without it my partner would have to quit her part time job) 2)What is the ...

by chestercity
Wed Oct 21, 2009 9:40 am
Forum: Ask IVA Forum and Industry experts
Topic: bankruptcy fee
Replies: 2
Views: 640
Hi

Im in a situation where my iva my fail. If i were to go down the br route,what happens to the payments I have made into my iva and will I be able to take my br fee out of these? ( I have made 8 months payments of about £2500)

thanks

rob
Search found 15 matches Page 1 of 1