Search found 6261 matches

Search found 6261 matches Page 1 of 418
by Lisa Thomas
Tue Feb 20, 2018 3:37 pm
Forum: Ask IVA Forum and Industry experts
Topic: Fund transfer Lump sum iva
Replies: 6
Views: 136
This sounds strange to me - surely your Dad can instruct his bank to send his funds to any payee he likes?

What does the Bank have to do with it?
by Lisa Thomas
Tue Feb 20, 2018 3:35 pm
Forum: Ask IVA Forum and Industry experts
Topic: What can I do to speed up IVA completion?
Replies: 3
Views: 130
Check the terms of your IVA - many have a standard closure term which is 6 months.

Remind the IP firm of this and tell them you are going to lodge a formal complaint with the gateway if your CC is not received by the 6 month date.

https://www.gov.uk/complain-about-insol ... actitioner
by Lisa Thomas
Tue Feb 20, 2018 9:21 am
Forum: Ask IVA Forum and Industry experts
Topic: Me and my wife seperating, can we release equity in our house to end IVA?
Replies: 6
Views: 257
As Foggy says take care with the offer. If you don't get an offer accepted all of your share of equity will have to be paid into the IVA (unless and until total debts plus interest plus costs have been paid in full).
by Lisa Thomas
Tue Feb 20, 2018 9:18 am
Forum: Ask IVA Forum and Industry experts
Topic: Paying off the whole IVA debt early.
Replies: 2
Views: 256
Why pay off everything in full when you don't have to? Bear in mind you will have to pay statutory interest plus costs so the settlement figure could be very high. You will be losing some of your pension/property. Instead why not put forward a full and final from the pension proceeds based on the nu...
by Lisa Thomas
Mon Feb 19, 2018 3:12 pm
Forum: Ask IVA Forum and Industry experts
Topic: Which bank excepts bankrupts as customers?
Replies: 4
Views: 460
Here is my quick video on bank accounts when you are bankrupt:

https://youtu.be/nAXh_0vWt58

Here is a useful link on basic bank accounts:

https://www.moneysavingexpert.com/banki ... k-accounts
by Lisa Thomas
Mon Feb 19, 2018 3:10 pm
Forum: Ask IVA Forum and Industry experts
Topic: DRO along with DMP. Possible?
Replies: 4
Views: 431
Here are a couple of my quick videos on each procedure so you can see the differences:

https://youtu.be/BtgpEX5mNDg

https://youtu.be/8mZ17eJeFlQ
by Lisa Thomas
Mon Feb 19, 2018 3:09 pm
Forum: Ask IVA Forum and Industry experts
Topic: DRO along with DMP. Possible?
Replies: 4
Views: 431
As Foggy says - if you get a DRO then the DMP will be academic as most (or likely all) of your debts will be dealt with via the DRO instead.

You will be leaving an informal arrangement for a formal insolvency procedure.
by Lisa Thomas
Mon Feb 19, 2018 1:31 pm
Forum: Ask IVA Forum and Industry experts
Topic: How long should it take to progress with an IVA?
Replies: 7
Views: 470
Unfortunately if the majority of creditors voted against the IVA there wouldn't have been anything the Nominee could have done.
by Lisa Thomas
Mon Feb 19, 2018 1:08 pm
Forum: Ask IVA Forum and Industry experts
Topic: How long should it take to progress with an IVA?
Replies: 7
Views: 470
They cannot use your auto text signature to sign something if you did not agree to it... This is sounding very dodgy to me and I would suggest you ask them what right they had to use your signature for something you did not specifically consent to and mention that you are going to make a formal comp...
by Lisa Thomas
Mon Feb 19, 2018 12:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: How long should it take to progress with an IVA?
Replies: 7
Views: 470
I don't understand either - what is not processing quick enough? IN addition to the engagement letter have they sent you the list of information they need from you and have you sent it back to them? I'm not sure what you mean about the auto signature. Did you cancel your instructions in accordance w...
by Lisa Thomas
Mon Feb 19, 2018 10:08 am
Forum: Ask IVA Forum and Industry experts
Topic: Life after an IVA
Replies: 5
Views: 1370
They should explore all options as IVAs are not necessarily the best option for everyone, it really depends on their whole set of circumstances. For example if BKY is the better option and they have sufficient funds they will only pay contributions for 3 years when compared to standard 'Protocol' IV...
by Lisa Thomas
Mon Feb 19, 2018 10:05 am
Forum: Ask IVA Forum and Industry experts
Topic: If I pay off my friend's IVA, will I have problems?
Replies: 3
Views: 871
Take a little care as legally you won't be able to pursue him for repayment as you will have to confirm the lump sum is a 'gift' so if you fall out you might not be able to get your money back...
by Lisa Thomas
Mon Feb 19, 2018 10:04 am
Forum: Ask IVA Forum and Industry experts
Topic: Buying property while in IVA - cash.
Replies: 7
Views: 955
Would he be kind enough to gift you a lump sum to settle your IVA early via a full and final offer?

That way you will be free to do what you like after receiving the CC...
by Lisa Thomas
Mon Feb 19, 2018 10:02 am
Forum: Ask IVA Forum and Industry experts
Topic: Full and Final question
Replies: 7
Views: 854
They will still need to do an annual/partial review since the last one to date in order to report to creditors on how attractive your offer is (and whether any increases/overtime/bonuses etc are due over)
Search found 6261 matches Page 1 of 418