How do I know if my debt is statute barred?By payment into the debt You must not have made any payments towards the debt during the limitation period. By written confirmation of the debt You must not have written or emailed your creditor acknowledging the debt during the limitation period. By legal ...

I believe the debt must be acknowledged within the 6 years with a letter signed. Or and email or even web chat. A telephone call or even letters sent out by creditor do not reset the clock. They must take court action within 6 years or the debts become statute barred. I am a little worried. It has b...

<t>Hi <br/> We were in an IVA what failed in May 2013. April 15th 2013 was the date of our last payment. <br/> After the iva we kind of buried our heads in the sand but apart from a few letters from creditors and a few companies who bought debts we didn't get nothing. We ignored these letters and th...

Thanks Michael. I have done a new income and expenditure online with step change. This was a huge help as there were things on there we did not claim for when doing it with DFD!

Hi. Thanks for the reply. Yes, we have started receiving demands from creditors. Worrying times!

Hi All. Please could someone help us out. After 18 month my wife and I failed our IVA as we struggled to keep up with payments. Now our financial situation has improved slightly we believe we could make an Iva work now. Could someone please advise if a second iva is likely to be accepted? Also, can ...

Hi All. Could I please have some help. My partner and I have just failed our IVA after 18month. We were pretty much told by DFD what our expenditure should be and we agreed to get the IVA accepted. We struggled with payments and as a result we failed. We are now in a slightly better finality situati...

Thank you! I'll give them a call.

After a failed iva [:(] It really looks like myself and my wife face bankruptcy. Reading online about this it looks like we are facing fees totalling £1400!!!!!
Our iva failed as we struggled with the payments! How are we supposed to pay these fees?

Hi and thanks for the replies!! My wife spoke with DFD today and they are insisting on the extra years worth of payments or we increase our payments and do not pay for the extra year!!! They also asked for an immediate payment which I am reluctant to pay. After all, if the creditors turn down the re...

Thanks for the replies. My wifes hours of work have reduced due to the need for childcare which has reduced our income. We did a new income and expenditure with our IP which they basically ignored and they told us how much we should be spending on stuff and told us how much we could afford to pay in...

Hi All I am currently 2 years into a 6year IVA with Debt Free Direct. We have struggled the whole of the time and we are now on the verge of failing. We have spoken with DFD who say they can reduce our payments slightly but suggested creditors would want an extra year worth of payments, making it a ...

Is an approved holiday payment in an IVA the same as a unapproved missed payment? I have had 2 holiday payments in my IVA and am struggling this month with my payment due to a vets bill which needed paid. I am going to speak with my IP but wanted suggestions on the outcome of the conversation before...

I have just found out a friend has recieved a cheque for a PPI rebate and has no intention of paying it into her IVA!!! Her PPI was fron a secured loan which she settled long before the IVA began. She plans to cash the cheque and spend the money on work she needs done to her house. I am very worried...

Hi All I have a bit of a "what if" question! I posted on here a little while ago asking if it would be ok to open a second bank account for any savings we may scrape together. Well, we opened a second account and have managed to save £50 for the last 2 months (very hard - but done). Well we have 5 ...