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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: 2
Views: 50
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: 397
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: 397
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: 368
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: 239
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: 743
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: 746
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: 842
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: 851
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: 1041
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: 1017
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: 1017
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: 1047
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: 1047
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: 1047
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...
Search found 6266 matches Page 1 of 418