i. Does anyone know if I can apply for a DRO if I have any involvement with a Ltd company? I am not a director, the company is purely used as a membership as such to run the outgoing costs between 5 members. We are all sole traders and no earnings or profit is run through the Ltd company. Hope that ...

Thank you everyone.

Hi. I have a situation I'd like some guidance on. If someone has been in an IVA previously, but is now settled and a completion certificate has been issued and the party in question currently has some defaults on credit cards, would they still be in a position that they could become a partner of a l...

Hi. I wondered if someone may be able to offer some advice. I understand someone that is in or previously been in an IVA can become a director of a limited company, but what if the party in question has current defaults on their credit file? The IVA has been completed for some time now, but is still...

Thanks Foggy

Sorry, I should have explained that better. 2 cars in the household. Keeping one and selling one

Hi. I have been struggling to make any payments to my 3 creditors for around 6 months and things don't look like they are going to improve. I am about to sell my car. The money I get from this would cover about 50-55% of my debt. I literally have no disposable income from month to month. Any ideas h...

WOOHOO!!! Accepted... Well pleased.

I've got my meeting tomorrow for my proposed F&F. Fingers crossed it is accepted. I'm sure I won't sleep tonight! I have made 16 payments so far = £3200. The iva was based on 60 months of £200 pm. So a total of £12000 to be paid. My offer was £8000 + payments made to date, given a total £11200. It s...

Hi, I recently made an offer for f&f via my in laws, this should go through mid June should it be accepted. I have just been offered voluntary redundancy, the sum I would take is around 3 times what the offer is. I plan to use some of the money to finally do a driving instructor course. There is obv...

I was planning to do that today Meleanie, I just wanted a little advice from others that may have gone through similar circumstances or read about them. Thanks

Forgot to mention, I have no assets, so no equity etc to pay at end of iva

Thanks Foggy, I just typed basically what you said, but you made it sound better

Thanks Melanie, it is actually run through one of your colleagues at jones Giles. I calculated that I have paid £2,200 so far, taking the total down to £9,800, minus any fees. It that about right? I wouldn't want to put it forward if it wasn't good enough,

Hi, it's been a while since I posted on here. I am 11 payments into my iva. I pay £200 per month. Therefore it was forecasted that I would repay a total of £12,000 back to my creditors. I work for the prison service and many of you will have seen in the news that they are closing a number of establi...