Search found 24462 matches

Search found 24462 matches Page 1 of 1631
by Foggy
Fri Jan 19, 2018 8:01 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help re name being removed from previous home
Replies: 2
Views: 14
I would imagine a compromise would be to offer to extend the IVA by a year instead of releasing equity ( which is most likely what would happen anyway --- you will just be getting it out of the way earlier) .... Did you ever produce a copy of your Statement of No Interest to the IP in the first plac...
by Foggy
Fri Jan 19, 2018 7:57 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA completed. Receiving letters from collection agencies demanding full payment
Replies: 2
Views: 35
Check the Insolvency Register to make sure it has gone from there --- then check the credit agencies to see if it is on your files anywhere. The chances are that these companies have bought "Lots" of bad debt from the original lenders at some point and are now chasing before they become st...
by Foggy
Fri Jan 19, 2018 7:41 pm
Forum: Ask IVA Forum and Industry experts
Topic: Excessive fees
Replies: 2
Views: 37
Fees are pretty much standard for an IVA at around 15% of the monies realised, plus nominees fees. Although there are a couple of firms now trying for 23% (odd figure I know!). I would, in any event, suggest a chat with several firms as they will work out disposable income differently as well. Try t...
by Foggy
Fri Jan 19, 2018 7:36 pm
Forum: Ask IVA Forum and Industry experts
Topic: My creditors meeting is next week
Replies: 1
Views: 33
It's a decent dividend and the IP wouldn't put forward something he didn't think would work --- he doesn't get paid if it doesn't !

Best of luck.
by Foggy
Fri Jan 19, 2018 5:32 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA End.. is never in sight.
Replies: 3
Views: 106
I've just had a call back from them, they said that the delay was due to one of the creditors disputing the figures regarding the original debt. Can they do this? At this late stage are the creditors allowed to add, increase or change the final figure owed? what's the worst possible outcome? Regard...
by Foggy
Fri Jan 19, 2018 4:43 pm
Forum: Ask IVA Forum and Industry experts
Topic: Mortgage after IVA
Replies: 3
Views: 84
No -- you have plenty of time yet ----- traditionally mortgage terms ended at 65, so you could still squeeze in the usual 25 year term. But, more and more, lenders will allow them to run to 70 and up .... by then we will probably not be retiring until we are in our 80's anyway !!!
by Foggy
Fri Jan 19, 2018 4:01 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA End.. is never in sight.
Replies: 3
Views: 106
Aperture are under strain at the moment due to taking on other caseloads and under resourcing (one thing they are good at) but were never the fastest horse in the race before that ! I would suggest a formal complaint to the firm which you can escalate to the regulators via the Government Gateway at:...
by Foggy
Fri Jan 19, 2018 3:50 pm
Forum: Ask IVA Forum and Industry experts
Topic: F & F letter
Replies: 10
Views: 92
The amount offered, the fact it is from a third party and is only for the purposes of a F&F, and, if rejected, the money will be retained by the donor. Reasons, especially if compelling. As some firms are dragging their feet, some put in a clause that they will deduct the amount of regular payme...
by Foggy
Fri Jan 19, 2018 2:23 pm
Forum: Ask IVA Forum and Industry experts
Topic: Tax refund company
Replies: 3
Views: 120
This is a new one on me. I, too, was a civil servant and, as you know, they have a dedicated tax department so mistakes are less common than in the regional tax offices ( but, I guess, they still happen).

Might I ask which Insolvency firm you are with ?
by Foggy
Fri Jan 19, 2018 2:20 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can my IVA propsal still be put forward? Lost job before virtual meeting of creditors
Replies: 2
Views: 108
I would suggest a chat with your IP --- a few weeks delay now would be better than the whole thing failing later on if it becomes unsustainable.
by Foggy
Fri Jan 19, 2018 1:01 pm
Forum: Ask IVA Forum and Industry experts
Topic: I need to pay £7000 to the new landlord upfront otherwise l will be homeless
Replies: 14
Views: 906
The fact that you have taken out a loan without permission is grounds to fail the IVA --- but, as I said, they could at least ask the creditors if they would be willing to forgive the situation in light of the pressing needs at the time.
by Foggy
Fri Jan 19, 2018 12:14 pm
Forum: Ask IVA Forum and Industry experts
Topic: I need to pay £7000 to the new landlord upfront otherwise l will be homeless
Replies: 14
Views: 906
At the very least they should allow you to put the whole thing (loan, reasons and all) to the creditors for them to decide on how to proceed. Which firm are you dealing with here ? Lisa's suggestion of having a chat with a specialist Insolvency solicitor is a good one. In the meantime all you can do...
by Foggy
Fri Jan 19, 2018 12:06 pm
Forum: Ask IVA Forum and Industry experts
Topic: Split with husband, not yet divorced. Husband planning IVA.
Replies: 4
Views: 168
As long as you have no joint finances any association on your credit files should be removed. Before any large financial undertaking, like a mortgage, it is always a good idea to check your credit files with each of the three agencies and making sure everything is correct. Make sure you are shown a...
by Foggy
Fri Jan 19, 2018 7:54 am
Forum: Ask IVA Forum and Industry experts
Topic: Windfall/Statutory Interest/PPI
Replies: 3
Views: 336
I guess they are running on auto pilot and not thinking things through. If S.I is waived and you have paid the full debt plus the fees any future PPI will be yours (get your IP to sign a letter to that effect as well as the completion certificate in due course too) . The BR reference (is this paypla...
by Foggy
Thu Jan 18, 2018 8:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: My IVA provider have appointed a company to release equity from my property
Replies: 1
Views: 407
Yes,they can do this, but they cannot force you to take an offer with that company ( if one is forthcoming). The chances are that the firm will find a secured loan as remortgages are still few and very far between. If your IVA is on R3 or pre- 2014 Protocol conditions then the alternatives are a rem...
Search found 24462 matches Page 1 of 1631