Search found 3083 matches

Search found 3083 matches Page 1 of 206
by size5
Wed Nov 07, 2018 11:21 am
Forum: Ask IVA Forum and Industry experts
Topic: Official complaint worthwhile?
Replies: 4
Views: 5834
Hi, Interesting that you feel the estimate from Zoopla is inflated. Online valuations are quick and convenient, but unfortunately not always 100% accurate. In these situations, I would advise my clients to get a written valuation from a local estate agent that may be much more accurate, and also tak...
by size5
Thu Oct 25, 2018 4:53 pm
Forum: Ask IVA Forum and Industry experts
Topic: Will husbands tax rebate have to be paid into IVA
Replies: 4
Views: 5821
If it is over £500 it is captured by the IVA, under that he can keep the lot.

Regards.
by size5
Thu Oct 25, 2018 4:52 pm
Forum: Ask IVA Forum and Industry experts
Topic: Do I have to disclose winter fuel allowance to IVA
Replies: 4
Views: 5728
Absolutely not is the answer, that money will not be given to you to pay debts with at all.

Regards.
by size5
Mon May 14, 2018 5:21 pm
Forum: Ask IVA Forum and Industry experts
Topic: If I move in with my mum will it affect her IVA?
Replies: 5
Views: 5440
Mrs Size would let the kids move back in rent free, I would not. Apart from inevitably losing that battle, this would clearly have a negative effect on our budget as real life doesn't reflect ideal scenarios, so you are likely to indirectly push your mums expenses up, even if only on stuff like gas,...
by size5
Mon May 14, 2018 5:13 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA Information
Replies: 13
Views: 5355
A full and final settlement looks as if it was never an option, if I have read the posts correctly. The only way to annul a Bankruptcy that has already been paid for by creditors is to give them a better return that they would get in Bankruptcy. This especially applies to HMRC, who are very patient ...
by size5
Wed Mar 14, 2018 4:37 pm
Forum: Ask IVA Forum and Industry experts
Topic: Lump sum offer
Replies: 10
Views: 4311
A lump sum has more chance of being accepted than a monthly payment, that is for sure.

My own question would then be, given that you have large debts, no assets and are solely reliant on State Benefits for income, why don't you just go Bankrupt? £680 is a lot less to pay than a lump sum?

Regards.
by size5
Tue Mar 13, 2018 6:13 pm
Forum: Ask IVA Forum and Industry experts
Topic: Lump sum offer
Replies: 10
Views: 4311
Stepchange are the only organisation that I have come across where financial statements do not offset DLA/PIP in its entirety. The truth is that you have no disposable income at all, and a monthly payment offer would be rejected by your creditors anyway. How much debt do you have? Do you have any as...
by size5
Wed Mar 07, 2018 10:24 am
Forum: Ask IVA Forum and Industry experts
Topic: Do Zopa reject IVA's?
Replies: 3
Views: 4943
Many creditors have a public stance when questioned that they review each case on its merits. Zopa, Amigo, Everyday Loans and Link, amongst quite a few others, will all tell you the same. Statistically, they will accept a few here and there, but they reject the vast majority, often for no good reaso...
by size5
Tue Feb 13, 2018 6:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: Has anyone heard of Swift Insolvency?
Replies: 4
Views: 3625
As with any firm, ask if they will require payments before an IVA meeting of creditors is due, how many (some ask for more than 1) and what will happen to that money should an IVA not be approved. Once you have answers to those, you may be in a position to make a more informed decision for yourself....
by size5
Tue Feb 13, 2018 6:22 pm
Forum: Ask IVA Forum and Industry experts
Topic: What happens if a creditor rejects IVA?
Replies: 6
Views: 3159
Going BR with a £6k vehicle is not really the best idea if the OP wants to keep it. If flexibility with the car exists, i.e. it can be sold and a more modest replacement obtained, then a lot will depend on the level of your debt, and whether it is over or under £20,000. More info would be useful. Re...
by size5
Tue Feb 13, 2018 6:19 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA Offer declined...
Replies: 12
Views: 3262
You will never get a single premium IVA accepted when you have a surplus income as well, creditors will want both. If the lumps um is from a 3rd party, you can withdraw that and offer a monthly payment instead, but then you will be subject to annual review, and creditors will want what is fair as a ...
by size5
Fri Oct 27, 2017 9:05 am
Forum: Ask IVA Forum and Industry experts
Topic: Can I apply for an IVA after being declared bankrupt ?
Replies: 3
Views: 360
If you are thinking about an IVA, it would be preferable to apply for one before the Bankruptcy.Can you shed any more light on the situation?

Regards.
by size5
Fri Oct 20, 2017 8:22 am
Forum: Ask IVA Forum and Industry experts
Topic: I am a professional golfer. How will bankruptcy affect me ?
Replies: 3
Views: 367
I have dealt with professional golfers before, and, if memory serves, going Bankrupt is a no-no. However, the world turns and it is definitely worth checking with any professional body. The difficulty you may face, in reality, is that all forms of credit are effectively barred in BR, meaning that yo...
by size5
Fri Oct 20, 2017 8:15 am
Forum: Ask IVA Forum and Industry experts
Topic: Is an IVA an option for self employed individuals ?
Replies: 3
Views: 473
You will need a UTR, and either a full set of accounts or a self assessment. If this is not possible, for example if you have not yet been trading for a year or more, you will need to prove your income via other means, projection based on what has happened so far, or interim accounts. An IVA sounds ...
by size5
Wed Oct 18, 2017 11:29 am
Forum: Ask IVA Forum and Industry experts
Topic: iVA after entering bankruptcy
Replies: 12
Views: 563
I have dealt with probably in excess of a couple of hundred cases of this nature over the last 20 years, and, as Michael is fond of saying, the devil is in the detail. You will not be able to annul the BR if the 12 months has elapsed and you have been discharged, but reading your posts, that seems u...
Search found 3083 matches Page 1 of 206