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by Foggy
Fri Mar 22, 2019 9:41 pm
Forum: Ask IVA Forum and Industry experts
Topic: Does no contact mean IVA rejection?
Replies: 7
Views: 238

Fri Mar 22, 2019 8:33 pmlisa817 wrote:
In that case would they not adjourn and try to get them to vote for a second time?
They might do if they think they could swing the vote --- but, it might just be that the meeting chairman just hasn't got around to writing up his report, especially if your meeting was later in the day.
by Foggy
Fri Mar 22, 2019 8:22 pm
Forum: Ask IVA Forum and Industry experts
Topic: Does no contact mean IVA rejection?
Replies: 7
Views: 238

The vote this time will depend on who votes --- if any creditor who said yea last time doesn't bother to vote this time that could put the credit unions share up ---as it is a percentage based on those who vote, not on the total make up of the full debt.
by Foggy
Fri Mar 22, 2019 7:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: Mis-sold IVA??
Replies: 2
Views: 207

Mis-selling is hard to prove after the fact as there are so many varying circumstances to look at. The reason you have been quotes doesn't make sense as an IVA is secured on nothing ,,, you need not have any assets to enter an IVA. However, most do so to protect assets, but it is not a reason not to.
by Foggy
Fri Mar 22, 2019 7:15 pm
Forum: Ask IVA Forum and Industry experts
Topic: Aperture, IPA and equity release
Replies: 2
Views: 211

Aperture are known for this aberrant calculation method. Initially they backed down when challenged, but have become more stubborn. If the method was embedded in the agreement then that is the method they should use. The IPA will, if they agree, slap a wrist maybe issue a fine but do not usually get...
by Foggy
Fri Mar 22, 2019 7:11 pm
Forum: Ask IVA Forum and Industry experts
Topic: Does no contact mean IVA rejection?
Replies: 7
Views: 238

No it doesn't mean bad news --- Aperture are among the worst firms for communicating meeting results in a timely manner --indeed for communication generally !
by Foggy
Fri Mar 22, 2019 6:23 pm
Forum: Ask IVA Forum and Industry experts
Topic: it's finally arrived!!
Replies: 4
Views: 221

Great news and congratulations !

Thank you for your kind words ( I think my sanity is long gone ! )

Onward and Upward :-)
by Foggy
Fri Mar 22, 2019 4:14 pm
Forum: Ask IVA Forum and Industry experts
Topic: Releasing equity into an IVA
Replies: 2
Views: 256

What was the agreed term at the outset ?

Do you agree that there are any missed payments to be made up ?

Equity release or a 12 month extension are standard terms for homeowners and are detailed in the agreement you signed. What, exactly, are they saying about this ?
by Foggy
Fri Mar 22, 2019 4:11 pm
Forum: Ask IVA Forum and Industry experts
Topic: Attendance allowance
Replies: 2
Views: 259

Some firms don't even ask for an itemised breakdown, but simly offset the Attendance Allowance figure with the same under "Expenses related to [condition]", which is what the alowance has been made for, NOT for repaying creditors. Don't forget to account for any specific dietary needs, all the gubbi...
by Foggy
Fri Mar 22, 2019 11:06 am
Forum: Ask IVA Forum and Industry experts
Topic: Advice re Iva with creditfix
Replies: 7
Views: 536

"Apparently they allow car finance of up to £250 per month so I’m under that threshold."

Don't rely on thresholds or expense categories --- these are merely guidelines and each IP and creditor will have their own opinions of what they thinks is acceptable.
by Foggy
Fri Mar 22, 2019 9:25 am
Forum: Ask IVA Forum and Industry experts
Topic: Advice re Iva with creditfix
Replies: 7
Views: 536

Telephoning would get you talking to a call handler with little knowledge and, if they agreed, no written confirmation. I would write direct to the IP.
by Foggy
Fri Mar 22, 2019 7:37 am
Forum: Ask IVA Forum and Industry experts
Topic: Advice re Iva with creditfix
Replies: 7
Views: 536

Creditfix pay very little attention to detail and, often, do not take the time to understand individual circumstances --- you need to keep on at them to make sure that they undertstand. Tell them that you have NOT taken on any more credit, but are simply continuing the arrangement that both Knightsb...
by Foggy
Thu Mar 21, 2019 6:52 pm
Forum: Ask IVA Forum and Industry experts
Topic: Vanguard won’t give me a date
Replies: 15
Views: 3293

Thu Mar 21, 2019 6:20 pmPigger479 wrote:
Wed Mar 20, 2019 10:16 pmkallis3 wrote:
Keep on at them - this is not acceptable.
They phoned me today and said that the variation report has been processed and now waiting for a date!
They don't need to "wait for a date" --- they present the variation to the creditors with a date for the meeting, giving the required notice.
by Foggy
Thu Mar 21, 2019 2:39 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can I receive state pension whilst in an IVA?
Replies: 2
Views: 609

Yes, you can get state pension if eligible -- it has to be declared as income to your IP, alongside any other income.
by Foggy
Thu Mar 21, 2019 2:37 pm
Forum: Ask IVA Forum and Industry experts
Topic: Is it normal to repay more than you owe in an IVA?
Replies: 5
Views: 644

If you are able to you can repay more than the original debt as fees and statutory interest would be factored in, but this figure is still likely to be less than the original debt and 5 years contractual interest would have been. Very roughly, on a £10k debt I would reckon that the amount required t...
by Foggy
Thu Mar 21, 2019 2:32 pm
Forum: Ask IVA Forum and Industry experts
Topic: Property Portfolio enforced sale - long post, sorry!
Replies: 3
Views: 609

My understanding would be that the property excluded was meant to refer to the property which you live in --- your home. The other properties are, presumably, business assets which are still the subject of the original agreement.

This is an interpretation that would need to be settled in court.
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