Search found 6938 matches

Search found 6938 matches Page 1 of 463
by Lisa Thomas
Wed Oct 17, 2018 8:09 am
Forum: Ask IVA Forum and Industry experts
Topic: No contact from IVA company
Replies: 21
Views: 586
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?
by Lisa Thomas
Tue Oct 16, 2018 2:03 pm
Forum: Ask IVA Forum and Industry experts
Topic: No contact from IVA company
Replies: 21
Views: 586
Is it materially more than £5k and is that just for your share or joint? Is that based on an actual valuation? If so then it's likely the 12 month extension will apply and you have 12 more payments to make... Its a joint mortgage and joint iva, Freeman Jones use a certain site apparently they use f...
by Lisa Thomas
Tue Oct 16, 2018 11:37 am
Forum: Ask IVA Forum and Industry experts
Topic: No contact from IVA company
Replies: 21
Views: 586
Is it materially more than £5k and is that just for your share or joint?

Is that based on an actual valuation?

If so then it's likely the 12 month extension will apply and you have 12 more payments to make...
by Lisa Thomas
Tue Oct 16, 2018 10:36 am
Forum: Ask IVA Forum and Industry experts
Topic: No contact from IVA company
Replies: 21
Views: 586
Instead of an email, send them a letter of complaint by registered post and include copies of all of your previously unanswered corres.
by Lisa Thomas
Tue Oct 16, 2018 10:34 am
Forum: Ask IVA Forum and Industry experts
Topic: Full & Final offer
Replies: 4
Views: 3139
Good luck and make sure your offer is worded to say that any contributions you pay into the IVA in the meantime whilst a creditors decision is being made, will be deducted from the lump sum.
by Lisa Thomas
Tue Oct 16, 2018 8:33 am
Forum: Ask IVA Forum and Industry experts
Topic: Wrong default date
Replies: 5
Views: 591
Newboy - You might find this quick video I made about cleaning up your credit record useful:

https://youtu.be/PV4RzUY4BRM
Noddle and Clearscore are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/
by Lisa Thomas
Tue Oct 16, 2018 8:33 am
Forum: Ask IVA Forum and Industry experts
Topic: Third party offer
Replies: 3
Views: 574
Hopefully you worded the offer to say that any contributions paid in the meantime will be deducted from the ump sum.
by Lisa Thomas
Tue Oct 16, 2018 8:32 am
Forum: Ask IVA Forum and Industry experts
Topic: Bad advice
Replies: 4
Views: 628
By 'cancelling' your IVA I presume you are failing it? Usually when the IP writes to you initially they confirm the reason why the IVA is the better solution and why alternative options have been rejected. Check the original correspondence you had with them. Our of interest what procedure are you go...
by Lisa Thomas
Mon Oct 15, 2018 8:50 am
Forum: Ask IVA Forum and Industry experts
Topic: Paying more than I owe
Replies: 2
Views: 773
Were the fees fixed or simply an estimate on a 'time spent' basis?

Very, very roughly (assuming 15% fees) then I would expect you to reach about £55-£60k before total debts costs and interest would clear everything in full.
by Lisa Thomas
Mon Oct 15, 2018 8:46 am
Forum: full and final settlements
Topic: Can IP take as long as they want to put forward offer to creditors
Replies: 3
Views: 826
Check the variation terms and conditions. Usually the IP has 21 days to call the meeting of creditors, giving at least 14 days notice so your son should get his answer within about 5 weeks form when he gave them all the info they needed to call the meeting... A gentle reminder of the T&Cs to the...
by Lisa Thomas
Mon Oct 15, 2018 8:44 am
Forum: full and final settlements
Topic: Selling my home
Replies: 6
Views: 1166
If the variation meeting hasn't been called yet then your F&F offer has presumably not been accepted by creditors? Is the '100%' figure based on what you would pay in contributions if the IVA continued in the normal ay to a successful end or is it based on a 'settlement' figure that includes the...
by Lisa Thomas
Mon Oct 15, 2018 8:35 am
Forum: Ask IVA Forum and Industry experts
Topic: in An IVA, threat of 'Field visit' from mortgage Company
Replies: 5
Views: 1275
I haven't heard of this either but as Foggy says if your Nominee has been formally instructed they should be liaising with the creditors now for you.

Ultimately if your IVA is approved your unsecured creditors will be bound by it, which should included any shortfall on the mortgage/s.
by Lisa Thomas
Fri Oct 12, 2018 3:07 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can they take more than I owed
Replies: 5
Views: 1560
...Also you may find it hard to get another mortgage (if needed) until the 6 years has passed since the start of your IVA.
by Lisa Thomas
Fri Oct 12, 2018 3:06 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can they take more than I owed
Replies: 5
Views: 1560
Do NOT sell your house without first getting a variation in place!!! If you do not get a variation in place then ALL of your share of equity will have to be paid into your IVA unless and until the total costs, debt and statutory interest have been paid in full - only then could you receive any surp...
Search found 6938 matches Page 1 of 463