Search found 27068 matches

Search found 27068 matches Page 1 of 1805
by Foggy
Wed Oct 17, 2018 10:47 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA and student loan
Replies: 1
Views: 42
Hmmm ... it should have been disclosed at the start of the IVA and the possibility of having to repay built into the agreement. I don't know the impact this will have now and can only advise a chat with your IP.
by Foggy
Wed Oct 17, 2018 9:27 am
Forum: Ask IVA Forum and Industry experts
Topic: No contact from IVA company
Replies: 21
Views: 574
Cobby if you are in an interlocking IVA then the total joint equity could be less than £10k (5k) each for the equity clause to kick in. How much equity is there and is this based on a valuaiton? We are unable to re-mortgage anyway so surely the equity part of it doesnt come into it now?? surely it ...
by Foggy
Wed Oct 17, 2018 9:25 am
Forum: Ask IVA Forum and Industry experts
Topic: Shared ownership
Replies: 6
Views: 176
You do not have to take out the secured loan, but they often work out better in the long run than a remortgage at high rates. Don't forget with a remortgage, you are not just remortgaing for £45k --- you are remortgaging the whole of yours and her equity, so the whole new mortgage on the property wi...
by Foggy
Wed Oct 17, 2018 6:58 am
Forum: Ask IVA Forum and Industry experts
Topic: Coming off my IVA?
Replies: 3
Views: 273
It is possible to allow the IVA to fail, but it would remain on your credit files for the full 6 years. The creditors will add back lost interest and possible charges and will be able to pursue collection as they see fit. They might not wish to negotiate a repayment plan. That said they would be foo...
by Foggy
Wed Oct 17, 2018 6:52 am
Forum: Ask IVA Forum and Industry experts
Topic: Shared ownership
Replies: 6
Views: 176
Topics merged as essentially the same question.
by Foggy
Wed Oct 17, 2018 6:48 am
Forum: Ask IVA Forum and Industry experts
Topic: Shared ownership
Replies: 6
Views: 176
About £45k -- enough to trigger teh release clause. However, it is possible that A2Dominion will have a condition to their ownership that you are not allowed to remortgage so the 12 month extension would have to be applied.
by Foggy
Tue Oct 16, 2018 8:30 pm
Forum: Ask IVA Forum and Industry experts
Topic: Overtime being added to my net pay?
Replies: 6
Views: 352
Do not agree to this .... this will mean that your IVA payment will increase, even in the months that you don't earn any overtime ! Hi , I haven't agreed to anything as yet but the advisor said he was doing my income and expenditure list which he said its his job to do that . He also said he will s...
by Foggy
Tue Oct 16, 2018 4:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: Overtime being added to my net pay?
Replies: 6
Views: 352
Do not agree to this .... this will mean that your IVA payment will increase, even in the months that you don't earn any overtime !
by Foggy
Tue Oct 16, 2018 4:01 pm
Forum: bonus, overtime, pay rises and windfalls
Topic: If I clear my debt how will it affect my partners IVA
Replies: 1
Views: 289
As long as you are not with Payplan your income and changes in your expenditure will no longer be of any concern to your partner's IP. Most firms only use the solvent partner's I&E to calculate their fair share of expenses at the start. As regards the expenses you have omitted you will probably ...
by Foggy
Tue Oct 16, 2018 2:48 pm
Forum: Ask IVA Forum and Industry experts
Topic: Default notice received before IVA meeting of creditors
Replies: 5
Views: 367
Thanks I have emailed it over. They are actually my smallest debtor £700 and I made a min payment this month so I haven't yet missed a payment. I guess it's all part of the process I'm just super nervous about the whole think. Thanks for your help A default is lodged when the relationship between d...
by Foggy
Tue Oct 16, 2018 1:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: Default notice received before IVA meeting of creditors
Replies: 5
Views: 367
Pass this to your IP who will deal with it for you.
by Foggy
Tue Oct 16, 2018 12:46 pm
Forum: Ask IVA Forum and Industry experts
Topic: Freeman Jones Awful Service
Replies: 2
Views: 370
I am afraid that this is a common theme when cases have been transferred from one firm to another -- partly down to, as you say, under resourcing the transfer, but also down to unforseen matters such as the state of the transferred files and compatability issues with software (old paper files might ...
by Foggy
Tue Oct 16, 2018 10:47 am
Forum: Ask IVA Forum and Industry experts
Topic: No contact from IVA company
Replies: 21
Views: 574
Ian Williams from Freeman Jones often steps in for forum members and gets things sorted --- If you drop an email to ian.williams at FreemanJones.com I am sure he will be in touch.
by Foggy
Tue Oct 16, 2018 10:44 am
Forum: Ask IVA Forum and Industry experts
Topic: No contact from IVA company
Replies: 21
Views: 574
First, you should have not stopped payments without the agreement of your IP. The equity situation should have been addressed at month 54 and, in the absence of any action by your IP, it is your responsibility to have carried out what was agreed in your proposal --- if the IP fails to respond, at l...
by Foggy
Tue Oct 16, 2018 10:00 am
Forum: Ask IVA Forum and Industry experts
Topic: No contact from IVA company
Replies: 21
Views: 574
First, you should have not stopped payments without the agreement of your IP. The equity situation should have been addressed at month 54 and, in the absence of any action by your IP, it is your responsibility to have carried out what was agreed in your proposal --- if the IP fails to respond, at le...
Search found 27068 matches Page 1 of 1805