I have today received a letter from dfd saying that they are taking steps to terminate my Iva. It started in January 2008 and i am now in my 10th year. I lost my house 18 months ago and lost my job. I took a much lesser paid job and completed an income and expenditure last October and sent payslips. I dont know what else I can do I have paid over 28,000 into my Iva. Ppi has also been paid in. My house had a shortfall this was supposed to be added to the arrangement. DFD are a joke. Nearly ten years of worry and hardship not to mention bad luck and they do this. Have I any options. I wish I had gone bankrupt now. I would have been well clear.
Chappie wrote:I did have a breach. I couldn't pay into the Iva. I completed an income and expenditure. They said I didn't earn enuf to pay into. I had to take a job that was £450 per month less than I was earning.
Then they should be asking for payments to date to be accepted.
Denise.8 wrote:They are not able to do it? Do you mean they have asked your creditors? I think they are supposed to put it to the creditors if you request it?
It could be that the shortfall reduces the dividend too much -- but, as you say, that should also be put to the creditors to decide.
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