Search found 6273 matches

Search found 6273 matches Page 1 of 419
by Lisa Thomas
Fri Feb 23, 2018 4:15 pm
Forum: Ask IVA Forum and Industry experts
Topic: At Last it's All Over
Replies: 9
Views: 878
Well done you! Best of luck for a debt free future.
by Lisa Thomas
Fri Feb 23, 2018 3:56 pm
Forum: Ask IVA Forum and Industry experts
Topic: How do I cancel my IVA?
Replies: 5
Views: 887
I agree with Foggy - ask them how they have calculated the increase is affordable. Failing the IVA puts you at risk of recovery proceedings from creditors and potential Bankruptcy. If Bankruptcy takes place the Trustee will set a figure for your contributions which would last for 3 years so you coul...
by Lisa Thomas
Fri Feb 23, 2018 3:54 pm
Forum: Ask IVA Forum and Industry experts
Topic: Our IVA is not going well
Replies: 8
Views: 1056
Is your stepson paying rent/contributions and are they for reasonable sums or can they be increased. I meant creditors could consider accepting the payments you have made to date in full and final settlement...i.e your IVA would finish early and you would not have to make any further payment or term...
by Lisa Thomas
Fri Feb 23, 2018 3:50 pm
Forum: Ask IVA Forum and Industry experts
Topic: Will my IP call after a variation meeting?
Replies: 14
Views: 901
So Next must have voted against then and must have over 25% in value of the creditors that voted..? Otherwise if they did not vote, and all other creditors that voted did so in favour the variation would be approved... (you need 75%in value of creditors that VOTE to approve a variation) I can only t...
by Lisa Thomas
Fri Feb 23, 2018 2:53 pm
Forum: Ask IVA Forum and Industry experts
Topic: Will my IP call after a variation meeting?
Replies: 14
Views: 901
It sounds to me like they didn't get any/sufficient votes by the deadline, in which case they may have to adjourn it.
by Lisa Thomas
Fri Feb 23, 2018 9:21 am
Forum: Ask IVA Forum and Industry experts
Topic: If my creditors have been paid back in full on IVA can they take PPI?
Replies: 4
Views: 1119
Did creditors receive statutory interest on top of the capital debt? Or did they waive their right to it?
by Lisa Thomas
Fri Feb 23, 2018 9:19 am
Forum: Ask IVA Forum and Industry experts
Topic: Our IVA is not going well
Replies: 8
Views: 1056
I presume something has happened to your Income & Expenditure since you started reducing your surplus income? Do you own any property/assets? Perhaps the IP can call a variation meeting proposing to either reduce your payments to an affordable level or asking creditors to accept payments to date...
by Lisa Thomas
Thu Feb 22, 2018 4:46 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can I change IP's once IVA started?
Replies: 3
Views: 1122
No.

What is it you are awaiting for?

Was the variation approved?

If you are waiting for your Completion Certificate some firms take up to 6 months to send it...
by Lisa Thomas
Thu Feb 22, 2018 9:58 am
Forum: Ask IVA Forum and Industry experts
Topic: Would an IVA be appropriate for me?
Replies: 3
Views: 1426
I would presume a DRO won't apply with the estimated surplus income you might have of up to £900.
by Lisa Thomas
Thu Feb 22, 2018 9:57 am
Forum: Ask IVA Forum and Industry experts
Topic: Would an IVA be appropriate for me?
Replies: 3
Views: 1426
We cannot say if an IVA is the best option for you without knowing a lot more information. For example Bankruptcy or a Debt Relief Order might also be worth exploring. What do you do for a living? How much income would you have left at the end of every month if you did not have to pay your creditors...
by Lisa Thomas
Thu Feb 22, 2018 9:54 am
Forum: Ask IVA Forum and Industry experts
Topic: I inherited my mothers home when she died last year
Replies: 2
Views: 1404
What was the original debt? How much assets have been paid in since the start of the IVAs? (Look at the receipts and payments in the latest Annual progress report you got from your IP) Also look at their outstanding costs disclosed in the report. I can then give you a very rough estimate as to what ...
by Lisa Thomas
Thu Feb 22, 2018 9:52 am
Forum: Ask IVA Forum and Industry experts
Topic: Is it right that IVA can take 85% of house sale profit, if sold during IVA?
Replies: 4
Views: 1290
Is there a special reason you have decided to sell the house and pay all the equity over instead of offering a variation first and only paying over an amount equal to the remaining contributions? This is going to cost you a lot more doing it this way so I wouldn't recommend it. These quick video I m...
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: 1744
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: 1753
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: 1843
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).
Search found 6273 matches Page 1 of 419