IVA

Get expert opinion. This is the place for new questions to be posted.
6 posts Page 1 of 1
 
 

Broke77

User avatar
Posts: 7
Joined: Sat Oct 13, 2012 5:53 pm
Location: United Kingdom

Post by Broke77 » Wed Oct 31, 2012 3:03 pm
I have recently applied for IVA through national debtline. SO forms were sent back to them and now waiting for IP Company to contact me. When I filled the forms I have put the car as my only asset.
One of the reasons I am in debt is share dealing (CFD). Learnt my lesson.
Anyway when I lost the money I thought I have lost everything because I got an email from the CFD Company that my account share positions were closed because I did not have funds. But today I got an email saying that (monthly report) I got £2500 left in the account.
I tried taking money out of the account but I cant for another 60 days. I am worried now I will be in trouble that I did disclose that amount.
Should I inform them now…or should I not inform them now and wait for 60 days take the money out and then inform my IP then that I got some money I would like to pay in into IVA…
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:

Post by Shining » Wed Oct 31, 2012 4:18 pm
Hi, I would inform your IP as things happen to keep them in the loop all the way along. x
Last edited by Shining on Wed Oct 31, 2012 7:12 pm, edited 1 time in total.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom

Post by luluj » Wed Oct 31, 2012 6:56 pm
Let them know so it can be attributed into your IVA...I would imagine some if not all will be required for your creditors
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
 
 

12 months to go

User avatar
Posts: 612
Joined: Sun Jun 26, 2011 10:44 am
Location: United Kingdom

Post by 12 months to go » Wed Oct 31, 2012 10:18 pm
hi broke 77

I agree with the above posts and would say that if you declare this now, the worry will be far less than should it come out of the woodwork at sometime in the future to cause you even greater stress and anguish

good luck
Last payment made April 2012
Certificate received 1st Nov 2012
 
 

Niobe

User avatar
Posts: 5169
Joined: Tue Jul 03, 2012 9:56 am
Location:

Post by Niobe » Wed Oct 31, 2012 10:20 pm
Fingers crossed Broke that it all works out for you.
 
 

MelanieGiles

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

Post by MelanieGiles » Fri Nov 02, 2012 12:06 am
Have they told you which firm they are going to refer you to - or did they give you a choice of firms to choose from?
Regards, Melanie Giles, Insolvency Practitioner
6 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”