Search found 26556 matches

Search found 26556 matches Page 1 of 1771
by Foggy
Sat Aug 18, 2018 8:18 am
Forum: Ask IVA Forum and Industry experts
Topic: Extra debt
Replies: 1
Views: 102
I am currently on an IVA through Hanover Insolvency, plan was accepted March 2018, so far so good. However I have recently received a letter of enforcement for a penalty charge notice dated Dec 2017. Amount owed now stands at £423, for £70 parking charge I thought was covered. What can I do? I'm so...
by Foggy
Sat Aug 18, 2018 8:07 am
Forum: Ask IVA Forum and Industry experts
Topic: End in sight?
Replies: 2
Views: 111
To be fair, and depending on the make up of your debt, £14k to clear £8k isn't that bad a deal. If you had paid it in the "normal" way (minimum payments and all) you could have paid the debt amount again in interest only and still be left with the principal sum ! Amyway .... Most IP's woul...
by Foggy
Sat Aug 18, 2018 7:59 am
Forum: Ask IVA Forum and Industry experts
Topic: Income gone down
Replies: 14
Views: 1880
Hi Lisa When I first applied, I wasn't well informed on the different procedures available. I was just relieved to get lower debt payments. Also the bankruptcy fees were impossible to find. In hindsight I should have opted for bankruptcy. The initial relief of lower debt payments has now been repla...
by Foggy
Sat Aug 18, 2018 7:57 am
Forum: Ask IVA Forum and Industry experts
Topic: Basic bank account
Replies: 2
Views: 56
I think they will, even for a basic account. I would go in branch and be upfront and clear, talk it through with an advisor before they do any paperwork, otherwise they might try to upsell and you will be refused anything above basic.
by Foggy
Sat Aug 18, 2018 7:51 am
Forum: Ask IVA Forum and Industry experts
Topic: Process of a F&F
Replies: 1
Views: 48
Back in the day, when I had an arranged overdraft, it used to show as available on my statements, so would have posed no problems in your situation. Hopefully CF have fixed their self made problem and you will have time to put an offer through.
by Foggy
Fri Aug 17, 2018 4:16 pm
Forum: Ask IVA Forum and Industry experts
Topic: Mortgage advice post Bankruptcy
Replies: 2
Views: 341
I would suggest having a chat with either Ryan : https://www.iva.co.uk/forum/memberlist.php?mode=viewprofile&u=18488 or Shaun: https://www.iva.co.uk/forum/memberlist.php?mode=viewprofile&u=22837 Both are whole of market brokers with considerable experience in adverse credit applications and ...
by Foggy
Fri Aug 17, 2018 2:39 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can creditors come back for more once IVA cleared
Replies: 6
Views: 357
I might add that, if it covers that all, you will be entitled to keep any PPI refunds you might get, so, at the same time as the completion certificate, ask the IP for a letter of no interest in PPI.
by Foggy
Fri Aug 17, 2018 2:37 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can creditors come back for more once IVA cleared
Replies: 6
Views: 357
OK -- the divorce settlement will be regarded ar a windfall and will all be payable into the IVA. If it brings you to the settlement figure of full debt, plus fees and possible statutory interest, the IVA will conclude. If it brings you close, the IVA will conclude when the following few payments hi...
by Foggy
Fri Aug 17, 2018 2:34 pm
Forum: Ask IVA Forum and Industry experts
Topic: Waiting for CC
Replies: 5
Views: 325
It is not your problem ... you have fullfilled your obligations and are entitled to the certificate of completion so that you can get on with your life. Your IP can sort out the returned cheque himself and re-distribute it to the other creditors if need be.
by Foggy
Fri Aug 17, 2018 2:07 pm
Forum: Ask IVA Forum and Industry experts
Topic: Credit Fix... again
Replies: 3
Views: 320
What is "normal" is to be given a date and a time --- the creditors must be given a stop time to vote, otherwise it could be intimated they have until midnight on the appointed day ! After a "normal" meeting you generally get the results within a couple of hours. However, if you ...
by Foggy
Fri Aug 17, 2018 2:02 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can creditors come back for more once IVA cleared
Replies: 6
Views: 357
I am one year into my IVA and have received a lump sum that will clear my IVA. Once I do this can the Creditors come back for more? First we need to know where this lump sum has come from. Also .. to "clear" your IVA you need to pay over the full original debt, fees and possible statutory...
by Foggy
Fri Aug 17, 2018 11:15 am
Forum: Ask IVA Forum and Industry experts
Topic: Does bank close account in iva?
Replies: 2
Views: 338
You need to speak to Halifax to see a) what they have done with the account and b) can they trace and retrieve the money. If the O/D ws included in the IVA they cannot (should not) use the money incorrectly paid into the dormant / closed account and should return it. I do not know what the £150 you ...
by Foggy
Fri Aug 17, 2018 11:02 am
Forum: Ask IVA Forum and Industry experts
Topic: Creditors Meeting today-very very nervous
Replies: 4
Views: 344
Try replying to the text stating that they are not answering your calls. Who are you with ?
by Foggy
Fri Aug 17, 2018 9:08 am
Forum: Ask IVA Forum and Industry experts
Topic: Would an IVA work for us
Replies: 4
Views: 391
Phew ! Here goes: 1) We owed £65k and paid back £410 per month -- this was accepted. Difficult to second guess but the IP wouldnot put forward an obviously unacceptable offer. 2) Selling assets at this stage could be looked at as favouring one creditor over another, which is a "no-no" in t...
by Foggy
Fri Aug 17, 2018 7:52 am
Forum: Ask IVA Forum and Industry experts
Topic: No IVA review for 3 years
Replies: 1
Views: 464
They are not in the contract -- they only supervise it. It is your IVA, not theirs. Yes, they should be on the ball and conducted the annual reviews ... but equally you should be there to remind them when they miss things. It will be your IVA that could fail if things go wrong ! Usually, missed revi...
Search found 26556 matches Page 1 of 1771