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by Lisa Thomas
Tue Sep 25, 2018 1:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: Is my car on finance included in an IVA?
Replies: 4
Views: 940
If there is enough equity then they should be included as a creditor for £1 only to reflect the contingent nature/fact they are a secured creditor.
by Lisa Thomas
Tue Sep 25, 2018 9:42 am
Forum: IVA completed !!
Topic: Freeman Jones delay in sending completion certificate
Replies: 5
Views: 478
Foggy wrote:
sue605 wrote:
The IP's never seem to realise that this is someone's life and is a momentous thing for us !


Not all IP's Foggy!
by Lisa Thomas
Tue Sep 25, 2018 9:40 am
Forum: Ask IVA Forum and Industry experts
Topic: Full & Final offer
Replies: 4
Views: 491
...but don't let them know the 3rd party can afford more than that or they will want more.
by Lisa Thomas
Tue Sep 25, 2018 9:40 am
Forum: Ask IVA Forum and Industry experts
Topic: Full & Final offer
Replies: 4
Views: 491
I think you could offer less (initially to test the water) given the savings in time and administration if the IVA was completed early.

Try for £6k.
by Lisa Thomas
Tue Sep 25, 2018 9:38 am
Forum: Ask IVA Forum and Industry experts
Topic: Taken out more debt whilst in an IVA
Replies: 5
Views: 566
I can't understand how you could have borrowed another £20k from a commercial lender with an IVA in place - that's highly unusual as your credit rating should be too severely damaged. I'm afraid you need to come clean with the Supervisor, if for no other reason than you can't include the £20k in the...
by Lisa Thomas
Tue Sep 25, 2018 9:35 am
Forum: Ask IVA Forum and Industry experts
Topic: Final offer rejected by CreditFix are trying to overturn
Replies: 2
Views: 503
Creditfix cannot 'overturn' a creditors decision, although they can try and convince the creditor to change their vote.
by Lisa Thomas
Tue Sep 25, 2018 9:33 am
Forum: Ask IVA Forum and Industry experts
Topic: Why 6 months to receive comp cert on a F&F?
Replies: 2
Views: 472
It really shouldn't but many of the big firms are slow to act and take the maximum amount of time to deal with it before a complaint can be considered by the Gateway.

All you can do is keep the pressure on them to issue it asap.
by Lisa Thomas
Tue Sep 25, 2018 9:32 am
Forum: Ask IVA Forum and Industry experts
Topic: Is my car on finance included in an IVA?
Replies: 4
Views: 940
They should be included for £1 if the debt is covered by the value of the car - or more if there is a shortfall/negative equity that can be calculated.
by Lisa Thomas
Tue Sep 25, 2018 9:30 am
Forum: Ask IVA Forum and Industry experts
Topic: Does my wife have to work?
Replies: 2
Views: 1294
actively seeking work is not the same as forcing her to actually find/start work...
by Lisa Thomas
Tue Sep 25, 2018 9:22 am
Forum: Ask IVA Forum and Industry experts
Topic: Releasing equity in IVA
Replies: 2
Views: 1461
I doubt the remortgage will be possible so likely outcome will be a 12 month extension of your contributions.

You need to check your terms and conditions to be sure.
by Lisa Thomas
Tue Sep 25, 2018 9:21 am
Forum: Ask IVA Forum and Industry experts
Topic: Can I clear my IVA early?
Replies: 2
Views: 1571
Bankruptcy will probably be more appropriate if you do not fit the DRO criteria.

My quick video here explains the basics:

https://youtu.be/mAkQsVSCnqo
by Lisa Thomas
Thu Sep 20, 2018 3:06 pm
Forum: Ask IVA Forum and Industry experts
Topic: Possible Pay rise 4 months to go
Replies: 3
Views: 1714
Worst case scenario is that you may have to pay some extra/increased contributions from November to March.
by Lisa Thomas
Wed Sep 19, 2018 3:33 pm
Forum: Ask IVA Forum and Industry experts
Topic: Any ideas what I should do?
Replies: 4
Views: 2301
It is impossible to advise you without knowing more information I'm afraid.

I have produced various videos on each of the procedures you may like to look at here which might help you narrow it down:

https://www.gov.uk/complain-about-insol ... actitioner

£30k is a very high debt for a DMP.
by Lisa Thomas
Wed Sep 19, 2018 3:31 pm
Forum: Ask IVA Forum and Industry experts
Topic: Admin charges have increased
Replies: 2
Views: 2328
What are the admin charges - the Supervisors costs? I presume they originally estimated that their costs would amount to £5k but the actual costs incurred have been £12k. These are approved by creditors and deducted from the assets. You would only need to worry about their costs if you were paying e...
Search found 6880 matches Page 1 of 459