Search found 58 matches

Search found 58 matches Page 1 of 4
by Keith White
Mon Feb 12, 2018 3:44 pm
Forum: Ask IVA Forum and Industry experts
Topic: Has anyone heard of Swift Insolvency?
Replies: 4
Views: 1668
Its certainly worth talking to more than 1 company before making up your mind.
by Keith White
Mon Feb 12, 2018 12:33 pm
Forum: Ask IVA Forum and Industry experts
Topic: Hi inlaws looking at Iva/bankruptcy?
Replies: 14
Views: 1742
My own opinion is that under the circumstances an IVA at £100/mth may well be the best option. It would protect the property and be an affordable payment. It would be a low dividend for the creditors, but I think could work. It will mean they have the peace of mind to know the property is protected ...
by Keith White
Sat Feb 10, 2018 6:54 pm
Forum: Ask IVA Forum and Industry experts
Topic: I have debts around 19000, husband does not know about my debts
Replies: 6
Views: 2300
I would think if you have lived together in the property for some while it is highly likely that creditors would feel you have a beneficial interest in the property and it will come into play in the IVA. You will, I think, have to disclose all household income and outgoings inc your husbands pay. As...
by Keith White
Fri Feb 09, 2018 1:40 pm
Forum: Ask IVA Forum and Industry experts
Topic: Would I be better off doing an IVA if I want to rent?
Replies: 12
Views: 2579
There are usually ways of getting a rental property with a poor credit rating - whether in an IVA or not. In terms of the debts, it is important to know how much you can afford to repay after meeting priority outgoings of rent/bills, food, travel etc. If the current £340/mth on debt repayments is af...
by Keith White
Fri Feb 09, 2018 10:05 am
Forum: Ask IVA Forum and Industry experts
Topic: Pension to be cancelled in IVA?
Replies: 8
Views: 2659
A lot depends on whether the pension is compulsory or voluntary, and whether its deducted from your salary or its private. And how much it is. Usually reasonable pensions that have been ongoing for a while are allowed.
by Keith White
Mon Feb 05, 2018 7:46 am
Forum: Ask IVA Forum and Industry experts
Topic: Would I have to change my current account?
Replies: 3
Views: 3585
Hi - if you could clear the OD there would still be a problem if you have a CC with that bank. Very probably you would need to switch banks. Possible exception is Barclays/Barclaycard. who may allow you to keep a non OD account whilst a B'card is in the IVA.
by Keith White
Sat Feb 03, 2018 5:31 pm
Forum: Ask IVA Forum and Industry experts
Topic: I’ve got 38k of debt and can’t afford to keep on top of the payments.
Replies: 25
Views: 3828
I agree with the others - if you have no joint accounts, your debt should not affect your partner. No reason in principle why you shouldn't apply for an IVA while she arranges for a mortgage in her name.
by Keith White
Wed Jan 31, 2018 7:29 am
Forum: Ask IVA Forum and Industry experts
Topic: I've got a couple of weeks of gambling on my bank statement
Replies: 4
Views: 3462
Companies do vary in the number of "clean" months statements required - from 1 month upwards. Worth checking with a few different IVA companies.
by Keith White
Wed Jan 24, 2018 10:08 am
Forum: Ask IVA Forum and Industry experts
Topic: Holmes Financial?
Replies: 10
Views: 3157
I agree - it's definitely worth speaking to more than one company. The monthly payment you make in the IVA or any debt plan needs to be genuinely affordable, allowing you to live properly throughout the plan where you will have little or no access to credit.
by Keith White
Wed Jan 24, 2018 8:28 am
Forum: Ask IVA Forum and Industry experts
Topic: Huge hole of debt
Replies: 10
Views: 3276
Hi - what is important is that you understand all your options to sort out the debt and the pros and cons of each. Then you are better informed to make a decision that is best for you. There are definitely solutions out there.
by Keith White
Thu Jan 11, 2018 6:15 pm
Forum: Ask IVA Forum and Industry experts
Topic: Middlebrooks?
Replies: 5
Views: 4003
Hi, Middlebrooks come highly recommended. They are personal, available and have a growing reputation. We are involved with them a lot and seem to provide a very good service.
by Keith White
Thu Jan 11, 2018 5:57 pm
Forum: Ask IVA Forum and Industry experts
Topic: Bankruptcy or IVA or F&F...
Replies: 8
Views: 4007
Hi Holly, you provide pretty good summary of the options open to you. All are valid and all sound as if they would work - so it is down to personal choice. I tend to agree with Fogy that if a F&F IVA were an option it could sort things out quicker and the windfall clause would be for the shortes...
by Keith White
Thu Jan 11, 2018 7:27 am
Forum: Ask IVA Forum and Industry experts
Topic: Is Money in Control a reputable company? I really need reassurance.
Replies: 10
Views: 4124
Hi Maryon, I'm afraid I'm not aware of Money in Control - hopefully others who post will have some knowledge/experience. Our general advice is to speak to 2 or 3 different companies for help/advice and then make a decision as to which you feel happiest with.
by Keith White
Mon Jan 08, 2018 6:27 pm
Forum: Ask IVA Forum and Industry experts
Topic: Opinion on best IVA company
Replies: 5
Views: 4193
Hi - agree with the others - definitely worth chatting to several companies to compare. If the relationship is over and he is soon to move out then certainly an IVA/DMP could be considered with just your income/outgoings etc.
by Keith White
Mon Dec 18, 2017 9:09 am
Forum: Ask IVA Forum and Industry experts
Topic: Are there minimum amounts to qualify for an IVA ?
Replies: 30
Views: 5891
Hi - thanks for your enquiry. Yes there are minimum total debt levels for an IVA - although no statutory minimum. Its a question of when an Insolvency Practitioner deems an IVA workable. Certainly your debt level is well over the minimum - which I would say is around £6000-£7000. The smaller debt is...
Search found 58 matches Page 1 of 4