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by Foggy
Thu Mar 04, 2021 7:46 pm
Forum: Ask IVA Forum and Industry experts
Topic: F&F offer
Replies: 4
Views: 79

Best of luck with it :-)
by Foggy
Thu Mar 04, 2021 7:45 pm
Forum: Ask IVA Forum and Industry experts
Topic: Bankruptcy to an IVA
Replies: 1
Views: 72

It is common practice in, say, inheritances that the full inheritance is held by the IP until such time as the exact settlement amount is determined and paid over, although I have seen it worked in the same manner as a property purchase completion, in that the inheritance is held to the IP's order i...
by Foggy
Thu Mar 04, 2021 4:48 pm
Forum: Ask IVA Forum and Industry experts
Topic: F&F offer
Replies: 4
Views: 79

It is impossible to say --- the small creditors might well be willing to kiss goodbye for all the hassle the low dividend will be to them. Come to that, your 'larger' creditors are still for modest amounts.

I have seen surprisingly small offers accepted --- but also surprisingly high ones rejected !
by Foggy
Thu Mar 04, 2021 4:44 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can someone with an IVA get a guarantor loan?
Replies: 2
Views: 72

I doubt it and you would not be allowed the expense allowance to repay it anyway.
by Foggy
Thu Mar 04, 2021 3:50 pm
Forum: Ask IVA Forum and Industry experts
Topic: Coronavirus and IVA
Replies: 7
Views: 1584

Just thought I'd give an update on this, checked through my IVA about 100 times to confirm the property is not mentioned in the IVA at all other than at proposal stage when it was offered to pay an extra year as explained above. Phoned Jarvis (Debt Movement) and they confirmed the extra year was al...
by Foggy
Thu Mar 04, 2021 3:45 pm
Forum: Ask IVA Forum and Industry experts
Topic: PCP options
Replies: 2
Views: 87

You should only be able to save a few hundred pounds a year ( if that) from expenses. You can also save your half of overtime and bonus payments from work ---- unless you work a lot of overtime, I doubt this will amount to £3k (ish ) in three years.
by Foggy
Thu Mar 04, 2021 3:42 pm
Forum: Ask IVA Forum and Industry experts
Topic: Savings in an IVA for emergencies. How much am I allowed ? Can a savings account be set up ?
Replies: 27
Views: 5440

[quote="Lisa You can try for a contingency within the I&E figures or 'save' from your share of overtime and bonuses that you get to keep. Other than that anything classed as a saving should effectively be paid over to creditors as you are disclosing that you have more than enough to live off and wa...
by Foggy
Thu Mar 04, 2021 3:40 pm
Forum: my car, can I keep it, repairs, etc
Topic: Good News re-Baloon Payment
Replies: 5
Views: 5954

Did you have to tell VW of your Iva ? My brother is account at the place I got my car from and will have a pcp in 3 years time. I will try to refinance this but don't want my brother to find out about my iva! Any ideas on how this works ? Can the credit lenders discuss this with the car dealership ...
by Foggy
Thu Mar 04, 2021 3:37 pm
Forum: Ask IVA Forum and Industry experts
Topic: Providing partners income details
Replies: 1
Views: 75

His income, generally, is only used to calculate your share of household expenses --- they usually assume 50 / 50 if his income is not provided ( and, why should it be ? It is his business). Yes, you are under the financial microscope ... they need to check that you don't earn over your normal amoun...
by Foggy
Thu Mar 04, 2021 3:30 pm
Forum: Ask IVA Forum and Industry experts
Topic: Creditor demand though I am in an IVA
Replies: 11
Views: 569

Creditfix are notoriously bad at communication --- you will have to work to get a reply !
by Foggy
Thu Mar 04, 2021 3:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: Old creditor
Replies: 4
Views: 83

First -- you cannot decide or limit the amount you pay each month -- this is decided by your disposable income. Assuming that you didn't reply 2 years ago and last acknowledged the debt 4 years ago, when the IVA failed, there are still 2 years to run before the debt becomes statute barred --- note, ...
by Foggy
Thu Mar 04, 2021 3:22 pm
Forum: Ask IVA Forum and Industry experts
Topic: Difficulty paying back debt
Replies: 2
Views: 84

There are temporary changes to the way IVAs are operated during covid and your IP should be able to help you.
by Foggy
Thu Mar 04, 2021 8:28 am
Forum: Ask IVA Forum and Industry experts
Topic: Removing an iva from my credit report
Replies: 1
Views: 117

Depending on how you have accessed your report, there should be a 'Report Error' button ( if web based). Also check the Insolvency Register https://www.insolvencydirect.bis.gov.uk/eiir/ to see if you are showing there with an IVA.
by Foggy
Wed Mar 03, 2021 3:53 pm
Forum: Ask IVA Forum and Industry experts
Topic: Post of the Month
Replies: 0
Views: 126

This time around Post of the Month is awarding a few 'prizes' of £25 of High Street Vouchers ---- The time has come around again and, because of several non- claims the THREE winners have been pulled out of the hat ................... This months recipients of the High Street Shopping Vouchers are ....
by Foggy
Wed Mar 03, 2021 3:41 pm
Forum: Ask IVA Forum and Industry experts
Topic: Declined car finance
Replies: 2
Views: 177

Most PCP companies will not refinance at the end of the term, though some do. Most of us, myself included, limped through the IVA with "E-Bay Bangers". Your IP might allow a short payment break to amass a modest amount to buy a cheap runabout --- this will be added back on at the end of the IVA. Som...
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