This forum has been a great help. Although i resented Phillip Allen and his team through it. Plus i claimed PPI and lost it all to the arrangement. Melanie and Andy Davie gave me great advice through it...... I got my certificate of due completion this morning. Thanks all. 5 years of paying. Now to ...

Reply from advisor, Any refund received must be entered in full into the Arrangement for the benefit of your unsecured creditors in accordance with Section 7.4 of Debt Lifeboat’s Standard Terms and Conditions that states:-. After-acquired Assets 7.4 If prior to the completion of the Arrangement the ...

Ok, so i think I have the room divded. I have spoken with someone who works in involvency law. They seem to think that I should be entitled to the PPI. My proposal talks of a windfall clause, overtime, and after aquired asset. PPI claim falls as none of these. Yes its a very grey area but somehow he...

On the proposal it mentions asssets regarding furniture in my rented accomadation and "all physical refered to above are to be excluded from the arrangement"

Still not convinced 100% exactly who gets the moneny

The only clause i can find is: After-acquired Assets If prior to the completion of the Arrangement the Debtor shall become possessed of or receive assets or property (of what nature) which are not included in the proposal a. The existance of which was not of could no reasonbly be known or envisaged ...

Just spoken to debt lifeboat who say this is a after-aquired-asset and will be treated as a windfall and made available to creditors.

how annoying

Hello, I currently am in an IVA with Phillip Allen. Everything is going fine and i have 3 months left to go to have completed my 5 years. After seeing all these PPI adverts I put in a claim to barclays. I only ever had PPI prior to my IVA. All barclays loans were completed 2 years prior to entering ...

Thanks for your reply, This wasnt a forced PPI claim either as I understand some firms force you to apply for all debts prior to cert of completion for possible PPI. Maybe if id waited id be in a better position and been allowed to keep this if id got cert of completion. My own neievity. Nevermind

What would be the different in % if it was considered a windfall or an asset, Both 100%?

Hello, I currently am in an IVA with Phillip Allen. Everything is going fine and i have 3 months left to go to have completed my 5 years. After seeing all these PPI adverts I put in a claim to barclays. I only ever had PPI prior to my IVA. All barclays loans were completed 2 years prior to entering ...

Ok, well thank you all for your input. I think the general consensus is that I should surrender bank statements. It is quite annoying as i would have kept my bank account 100% in check to save all the hassel of justifying so many cash withdrawls and card paymenets etc.

How am i failing the IVA? Im being asked for something that i have never said i would tender? Im keeping to the IVA exactly. Im just ensuring that im not being asked for something that i never agreed to. Or skys the limit with what they could ask for

I am very greatful for your replies! My partner depositing money is just the icing on cake. I accumulate money from my allowances then spend them or draw in cash or put towards sky etc and live otherwise on a show string. So many questions I dont have time to answer/justify. Never was i told bank st...

I am currently in an IVA and have been in for almost two years. I am now filling out an annual income and expenditure though this time im being asked for p60 / 3mnth pay slips and last 3 months bank statements. I am not happy in giving bank statements. My Partner deposits mooney in my account for me...

Just about getting by with Paying off loans and minimum on credit cards, though struggling now.

I have about £27000 of debt
Earn £25k
Own no property.

Is an IVA for me?