iva council?????>clowns or for real

[nebs]

well first of all hi to all.
ok lets get to it.
today i received a letter from iva council stating basically im being ripped off on my iva.... anyway i phone them up to see what the hell is going on, the lady says she will get a rep to phone me straight back............... 6 and half hours later i get phone call but guess what?? its not the ive council huh u say? yea thats what i thought. anyway its a company called bankrupt uk phoning on there referral so i ask what the hell is going on and basically hes telling me to stop payments on my iva and go for bankruptcy. let me explain forgive any spelling i have been reading iva and bankruptcy blog all day and very tried. we have been in our iva for 2 years now new all about the charges they have and to be honest never though anything of it. im unemployed, there are different things ive read today about they shouldn't count our dla that we receive for our daughter and we have no assets to protect, anyway he wants me to pay them £1050 to get BR i hear all sorts of bad things about iva and BR but we have had no problems and a great weight lifted off our shoulders in the last 2 years, sure i may be paying for it in charges but its only money i would be giving to creditors anyway? and still paying alot less than i should be..

i know one lady has had runnings with this site too as ive read her posts Melanie Giles i still believe u didn't get what u wanted or did you?...

a few referrals the iva council at opening page it says its been announced at the bbc about ive vs BR but i followed link and u can listen to the full interview (that was actually done back in 2006)and know where does it mention stop iva and go BR if anything it does mention if i went BR now i would be back to square one with creditors and one guy explains a little about the charges basically saying that its the crediors money thats being used to fund the charges, now some may disagree but i think its quite true as if i wasnt paying them charges i would be paying a lot more to my creditors.

im still very confused about what all this means if anyone got some advise about all this if you can make any sense out it that is [:D].... it would be great.

do i stay iva or opt out and go BR like i said im unemployed no assets 2 years in the iva so ive already payed 6k the total charges for the iva is 6.6k so ive not even started paying creditors yet OMG im so confused my head hurts [xx(] so any help would be greatly appreciated...


many thx in advance
nebs

[aguise]

Hi there and welcome. If you have no problems with your iva and you are managing and happy why change anything. True about the charges , the creditors do get less but they still get more than in bankrupcy and if that is what you want to pay back what you can then you already have the right solution. They will basically just take the money and hold your hand through bankrupcy, which you can quite easily manage yourself , I would bin it.

Ang

[aguise]

Hi there and welcome. If you have no problems with your iva and you are managing and happy why change anything. True about the charges , the creditors do get less but they still get more than in bankrupcy and if that is what you want to pay back what you can then you already have the right solution. They will basically just take the money and hold your hand through bankrupcy, which you can quite easily manage yourself , I would bin it.

Ang

[Cybus]

I noticed the quote from the BBC when I looked at the IVA Council website a fortnight ago.

I have asked IVA Council on their forum to clarify if the statement accurately reflects what the BBC said, as I could find no such quote on the transcripts. I have asked them to rectify the position if they have not accurately reflected what was said.

I have had no response to my post on the Forum.

In the absence of a response, I have brought this matter to the attention of the BBC and asked if they would confirm that the quote is accurately reflected. If it is, I have taken the opportunity of pointing out to them that such a statement, if true, is quite possibly the most irresponsible thing I have ever heard.

Under no circumstances should you stop your IVA payments without valid reason and certainly not on the back of a letter or phone call out of the blue from a tin pot outfit cold calling you. You should refer this letter directly to your IP. If you are contacted again by Bankruptcy UK, ask for the name of the Insolvency Practitioner there. When you have the name, post it on here and I will attempt to find out his licensing body for you. You should then report his practice to them.

If you want to go down the bankruptcy route, you can do it yourself at half the price and probably do a better job.

Rant over, but these people are starting to infuriate me with their irresponsible attitude to the likes of you and others in your position.

[size5]

Cybus,

Have you noticed how there has been no response whatsoever on that site from the "official" responders, Nick Peat and Malcolm Brown, to legitimate concerns raised by you and I amongst others?

No posts at all in the last 8 or 9 days.

Good.

[whem]

im sure one of the experts on the forum will correct me if im wrong but if you go bankrupt you are after one year required to pay contributions for a further3 years if you are two years in to your iva you may gain a small reduction in costs but you start again with regards to your credit file which would then have the bankruptcy on it for a further six years all i would say is to be very carefull as these companys just mass mail people on the iva register with no knowledge of your situation to make a profit from your struggles with cash which all of us on here suffer or have suffered

[nebs]

hi thx for the quick reply's i had very big doupts about all this, as for iva council i tryed to reg with then to ask the same question 7 hours ago and still not recived any conformation for reg details so i can make a post luckily someone on there posted a like to this site thank god for that.
oh and hi size5 ive read almost all your posts on there and many thx too as your posts was what made me think twice about taking any other offers.
im have no problems staying on my iva as i said we had no problems at all we are due for our 2nd year review in April and only 3 years to go after that the charges are not any problems like i said its really money i owed anyway and still and a great discount payback.
im staying with my iva and bankruptcy uk will be ringing back in a few days as i said i need to think about it.
im not risking BR to go through hell a second time after its all sorted now there is no point.
at least we are making the effort to try and pay some off, please dont take that wrong im not scandalizing anyone but we feel better for it for trying atleast. anyway many thx and i will get the information form bankruptcy uk and post back when they ring me again....

regards

[nebs]

sorry for the spelling its been along day reading about all this mubo jumbo and i still none the wiser......

[MelanieGiles]

The bottom line is if the IVA is living up to your expectations why have reasons to doubt it now? If you feel that you were misguided to enter into an IVA, that is a matter to take up directly with your IP in the first instance and not anyone else.

[nebs]

hi melanie.
dont get me wrong we are happy with our iva but when a letter comes through the door basically saying we are being ripped off its enough to put doubt in to anyones mind we are just curious as to what the hell is going on. i have no intension's of leaving our iva as it took so long to finally get out of that dark place i have no intension of being dumped back in there.
regards
neb

[aguise]

The problem I think with these letters nebs is that they know nothing about you, they just pull your name from the insolvency register and send them out in bulk in the hope someone will ring. If you are happy stay that way.They are just confusing people.
All the best.

Ang

[Reviva UK]

Hi Nebs

An IVA is one of the best ways to deal with an unaffordable debt position and if the IVA is working for you then you shold stay in it.

If the IVA is not working for you because of a number of factors, i.e. Major change of circumstance like unemployment, break up of relationship ( where there will now be 2 lots of expenses) , long term illness, or if the IVA contribution payment was REALLY tight to begin with, then you should speak to your IP in the first instance.

They may be able to propose a modification in ther IVA term that will allow you to get back on track.

If the modification is not possible then you need to think of alternatives.

I saw someone last night who was 6 months into an IVA and was paying £480 pm into her IVA. The relationship had broken down and the job had changed so her disposable income was now £67 pm. She had no assets and no other way of increasing her income, so this is the sort of person that could benefit from exploring alternatives to IVA's.

If it is working for you then stay where you are

[Adam Davies]

Hi
As others have said if you are happy with your IVA stick with it.You will return to your creditors far more than you would under bankruptcy.
You do not need to pay a third party to 'help' you petition for bankruptcy if you feel that this is the route for you.The forms can be downloaded from the Insolvency Services website and you can receive all the support and advice,on this forum,that you need to go through bankruptcy without paying a fee.
Regards

[nebs]

hi thx for the advise.
you see this is my problem the iva included our daughters dla in to our income we can meet the payments though it is a struggle at times. but whats concerning me the most is being dropped back in to the crapper. that was shear hell we felt like prisoners in our home had to have the phone switched off due to constant harrasment from creditors piles of threating letters every day scared to open the door as the fear bailiff's
you get my meaning.

plus if we was to opt for bankruptcy what happens the payments we've already made to them?
if we loose all that money then its more than likely we will end up paying more than the debts we owed in the first place.

many thx for all your help
regards
nebs

[Nezza]

Hi nebs, im not sure whether you have sorted the situation you are in out or not by now? Anyway I thought I would add a post. I was on an IVA for one year paying a whopping £400 a month, I felt as if I was being made to pay too much and contacted mu IP who wasnt very keen to amend the ammount! However I lost my job spit from my partner and things wee quite dim, I had no choice but to go for BR. I had a bit of opposition form my IP who werent happy I wanted to leave the IVA and tried to make me frightened that my creditors would be on my case immediately! The papers for BR I got nobody to do this for me I went to my local cout and got the paper work i needed, provided proof of benefit and paid a one off fee of around £350 with court fee exemption. I had no assets and felt this was the best option for me. I know every ones csse is differnt, but I wanted to clarify that br is not as scary or as stigmatic as it can be made out. I hope that helps some anyway.