Search found 26265 matches

Search found 26265 matches Page 1 of 1751
by Foggy
Mon Jul 16, 2018 8:11 pm
Forum: Ask IVA Forum and Industry experts
Topic: Is our IVA finished?
Replies: 1
Views: 122
They cannot come back to you for more regular payments, but, following a recent court case, PPI is deemed to be an asset of the IVA and is due to be paid over to the former IP. Now, some IP's will ignore PPI from pre-IVA loans (technically incorrectly), and some will ignore PPI from closed cases on ...
by Foggy
Mon Jul 16, 2018 8:05 pm
Forum: Ask IVA Forum and Industry experts
Topic: Do Sky accept customers with an IVA?
Replies: 1
Views: 119
I have no idea. I was with sky throughout my IVA, but, of course, they did any credit checking prior to the IVA being put in place.

More to the point -- how are you going to pay the subscription? I doubt you will be allowed to add it to your agreed expenses.
by Foggy
Mon Jul 16, 2018 8:02 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can my IP delay the completion of my IVA?
Replies: 1
Views: 107
Regulatory bodies have said that PPI alone is no good reason to delay completion as there are other ways of dealing with it ( Deed of assignment ). Ask the IP exactly what the hold up is -- if he states PPI then make a formal complaint, which you can escalate to the regulatory body if need be.
by Foggy
Mon Jul 16, 2018 6:31 pm
Forum: Ask IVA Forum and Industry experts
Topic: credit report nearly right now apart from....
Replies: 1
Views: 98
I would take it up with both at the same time.
by Foggy
Mon Jul 16, 2018 5:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: Should I pay my Council Tax debt
Replies: 3
Views: 231
My council tax was ring fenced as a utility same as Gas, Lekkie and Water, as I was not in arrears nothing changed through the whole 60 months of the IVA. So was mine, Merlin, but a recent court case has changed all that. As the full council tax is due and payable at the beginning of April each yea...
by Foggy
Mon Jul 16, 2018 4:03 pm
Forum: Ask IVA Forum and Industry experts
Topic: credit report
Replies: 4
Views: 228
mumof3 wrote:
Thank you. So it's ok coming up as defaulted every month. I will check to make sure everything goes back to the correct date.


Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record
by Foggy
Mon Jul 16, 2018 3:27 pm
Forum: Ask IVA Forum and Industry experts
Topic: Compensation
Replies: 2
Views: 159
Most (but not all) IP's follow the procedure used in bankruptcy. Compensation for pain and suffering is allowed to be retained whilst compensation for loss of earnings is not. IP's not following this will treat the whole claim as a windfall and take all of it if the payout exceeds £500. If the compe...
by Foggy
Mon Jul 16, 2018 2:57 pm
Forum: Ask IVA Forum and Industry experts
Topic: Iva living budgets
Replies: 6
Views: 4884
ketton79 wrote:
Foggy wrote:
Food shopping per week guideline figures are £170 (£222 max) for a single adult. £287 (£354 max) for a couple and £71 (£86 Max) for each child.


Surely this is per month isn't it?


Sorry -- yes --- per month ! :oops:
by Foggy
Mon Jul 16, 2018 12:59 pm
Forum: Ask IVA Forum and Industry experts
Topic: Why was PPI money paid to IP
Replies: 5
Views: 227
PPI belongs to the IVA and will be used to distribute to former creditors as well as to cover fees. Although you have paid back the principal loans an IVA allows for statutory interest to also be paid, in the event debts are repaid in full. If there is any surlus it would be returned to you in due c...
by Foggy
Mon Jul 16, 2018 12:05 pm
Forum: Ask IVA Forum and Industry experts
Topic: Another year on my IVA??
Replies: 7
Views: 5954
Thank you for your replies. They told me at aperture that contacting the creditors with a settlement figure could take up to 4 months before I would get a reply on whether they accept the offer, would it be acceptable to add that the payments would be reduced over the time it takes the creditors to...
by Foggy
Mon Jul 16, 2018 11:15 am
Forum: Ask IVA Forum and Industry experts
Topic: Nearly there! Couple of questions
Replies: 3
Views: 247
Payplan always advise you to seek legal advice -- it is them watching their own backs and proving "best advice".

The reason for a witness is that the document is a "deed" and is designed to last in perpetuity (forever) .. in law a "deed" needs to be witnessed.
by Foggy
Mon Jul 16, 2018 10:04 am
Forum: Ask IVA Forum and Industry experts
Topic: credit report
Replies: 4
Views: 228
Hi, On my credit report should my accounts show as defaulted on every month during an IVA? Just I thought if it took 6 years for defaults to fall off your credit report then surely it can't show as default all the way through the IVA. Thanks for any info. The account will be defaulted once and the ...
by Foggy
Mon Jul 16, 2018 9:36 am
Forum: Ask IVA Forum and Industry experts
Topic: When will I make my first IVA payment
Replies: 2
Views: 246
How after my IVA is approved will may first payment go out (I am using Vanguard Insovency) Some firms like to have the first payment in hand so that, if the proposal is accepted, payments can start right away. Most firms will just want the first payment within 28 days of the meeting, allowing you t...
by Foggy
Mon Jul 16, 2018 9:14 am
Forum: Ask IVA Forum and Industry experts
Topic: Will we have paid off our debt in 3 years
Replies: 1
Views: 273
During an IVA you always owe the full original debt, plus fees and possible statutory interest. The fees come out first!

How much was your full original debt ?
by Foggy
Mon Jul 16, 2018 9:12 am
Forum: Ask IVA Forum and Industry experts
Topic: Have been told I need to release equity
Replies: 1
Views: 278
How much equity do you think you have ?

Although you have paid the original debt in your eyes, the fees come out first. so some of the debt, as well as possible stautory interest is still outstanding.
Search found 26265 matches Page 1 of 1751