I am absolutely petrified about IVA process

Get expert opinion. This is the place for new questions to be posted.
97 posts Page 5 of 7
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Mon Feb 14, 2011 11:58 pm
I've not come across them. They sound more like a packager rather than a direct IP firm. Find out who will be acting for you if you do decide to go ahead with the IVA, and whether they have their own insolvency practitioners in-house or if they intend to refer you on.
Regards, Melanie Giles, Insolvency Practitioner
 
 

rugbygirl1969

User avatar
Posts: 29
Joined: Thu Feb 03, 2011 8:29 am
Location: United Kingdom

Post by rugbygirl1969 » Tue Feb 15, 2011 8:32 am
Hi Melanie
They have their own IP's in house.
J xx
 
 

flumpy dog

User avatar
Posts: 2484
Joined: Sun Oct 19, 2008 7:57 am
Location:

Post by flumpy dog » Tue Feb 15, 2011 9:42 am
good luck rugby girl and like everyone has said you will get untold support and help from these guys x

just take your time and choose carefully and try not to stress-im a hypocrite yes ! but try not to x fd
 
 

Tina Shortland

User avatar
Posts: 2950
Joined: Tue Jan 05, 2010 11:30 am
Location:

Post by Tina Shortland » Tue Feb 15, 2011 10:46 am
Hi rugbygirl1969, thats makes life easier if their IPs are in house as they are all part of the same company so should all be up to speed on your case at the same time. Do however make sure you are completely comfortable with what you have been told by them and how they have handled your case already. You should have a realisitc idea of what your payments are liklely to be from now and you should have a realistic budget which provides for all your normal living costs sufficiently.

If you are happy and confident to move forward then best of luck with your IVA proposal and roll on your creditors meeting day! We look forward to reading how you get on along they way.

Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at www.debtadvicetv.com

If you’re ready to ask us for specific advice or help, then get in touch at www.call-me.debtadvicetv.com so you can start to free yourself from the stress and anxiety of overwhelming debt.
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Tue Feb 15, 2011 8:06 pm
That's interesting, as a search of the Insolvency Register on "Find an IP" does not reveal this company or its holding company as having in-house IPs. Do any of the other professional posters know which firm they are linked to?
Regards, Melanie Giles, Insolvency Practitioner
 
 

rugbygirl1969

User avatar
Posts: 29
Joined: Thu Feb 03, 2011 8:29 am
Location: United Kingdom

Post by rugbygirl1969 » Tue Feb 15, 2011 8:25 pm
Oh dear you are worrying me now, as no one has heard of them.
J xx
 
 

kallis3

User avatar
Forum Expert
Posts: 77176
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Tue Feb 15, 2011 8:29 pm
It's not too late to change your company if you're not totally happy.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Tue Feb 15, 2011 8:31 pm
There should be nothing to worry about so long as you feel that you are getting the best advice. But do be sure that you are dealing with a firm that does have in-house IPs - as searches against the trading style you mention would indicate that they don't - and may well be merely a referring company.

No harm in using a referring company either - there are many good providers out there who provide an excellent service - but a lot of people may prefer to get advice from the horse's mouth rather than second hand.
Regards, Melanie Giles, Insolvency Practitioner
 
 

rugbygirl1969

User avatar
Posts: 29
Joined: Thu Feb 03, 2011 8:29 am
Location: United Kingdom

Post by rugbygirl1969 » Tue Feb 15, 2011 9:20 pm
I have paid them £250 for my first months payment which apparently will stay in the bank until the IVA is approved.
J xx
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Tue Feb 15, 2011 10:31 pm
Have they done any work for you yet - like put together an IVA proposal? If not, what justification did they give you for handing over this money, and is it refundable if you change your mind or the IVA is not accepted?
Regards, Melanie Giles, Insolvency Practitioner
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:

Post by Adam Davies » Wed Feb 16, 2011 10:05 am
Hi
The firm is Blair Endersby (part of Paymex Group) and the insolvency practitioner is Antoinette Thorpe – you should ascertain if the £250 paid is the first contribution towards your IVA.
Regards
Andam Davies
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Wed Feb 16, 2011 10:08 am
Is this firm trading under a variety of different styles now Andy to your knowledge?
Regards, Melanie Giles, Insolvency Practitioner
 
 

rugbygirl1969

User avatar
Posts: 29
Joined: Thu Feb 03, 2011 8:29 am
Location: United Kingdom

Post by rugbygirl1969 » Wed Feb 16, 2011 12:35 pm
Are they a reputable company though?
Thanks
J xx
 
 

liamjames

User avatar
Posts: 734
Joined: Mon Jul 27, 2009 9:58 am
Location:

Post by liamjames » Wed Feb 16, 2011 12:50 pm
Hi rugbygirl1969,

Although we've seen the odd complaint about them in recent months this may not be representative considering the number of people they deal with. They are quite a large firm in the industry.

They have a presence on the forum here and you can find them in the experts section.
Take care,

Liam James
Varden Nuttall
http://www.vardennuttall.co.uk

Read our reviews here: http://www.iva.com/iva_companies/Varden_Nuttall.asp
 
 

rugbygirl1969

User avatar
Posts: 29
Joined: Thu Feb 03, 2011 8:29 am
Location: United Kingdom

Post by rugbygirl1969 » Wed Feb 16, 2011 5:38 pm
Thank you Liam, You have put my mind at rest for the time being.
J xx
97 posts Page 5 of 7
Return to “Ask IVA Forum and Industry experts”