I am currently 36 months into an IVA. My payments have recently been reduced as I've had to take a lower paid job following redundancy. My IVA has been extended by 12 months to compensate. I'm still struggling to maintain the new monthly payments and my house is in an increasingly bad state of repai...

Thanks very much for your advice Melanie, it's much appreciated. I'll let you know how it all turns out.

thanks

I don't agree that we're in arrears, we're making all of our regular agreed payments. It's just their definition that part of my wife's redundancy payment is classed as a windfall (i.e. the remaining money, equivalent to 3 months wages) and as such has to be paid immediately. I've refused to pay it ...

PS - so that I'm prepared for the worst - if anyone knows what the next step is if we are in breach any advice would be much appreciated.

Thanks for the advice. Never actually spoken directly to the horse. It's DFD and you deal almost exclusively with call centre staff - just got off the phone to the stroppy one who says we're now in breach and she'll be informing the supervisor immediately. Although she did then admit she's not quali...

Hi, her total gross payment consisted of different elements: Statutory redundancy, notice payment, final months salary. The statutory element made up about 50% of the nett payment and the IP is demanding that value. The problem is that money is all that's left to last us through the next 3 and a bit...

Hi, my wife was made redundant at the end of November. Since then she's been looking for work but not had any luck so far. Originally our IP told us that the redundancy money she got - which was the equivalent of approx 5 months salary - should be used as a substitute for her wage and once she got a...

I agree, but I think it's important to remember that there's more than debtor and creditors involved in this situation. I think that there's an obligation on the part of the IP to give clear and consistent answers at every stage of the process. There are occasions when I have called my IP 2 or 3 tim...

Don't get me wrong, whatever the circumstances were leading up to this point I fully accept that I'm responsible for being in this position and I don't argue against paying back as much as possible to my creditors. It's just that I made a decision based on what I was told at a time when I was stress...

Hi, this is my first post although I'm about 12 months into an IVA with debt free direct. I've looked on this forum a couple of times, unfortunately not until it was already all sorted otherwise I would have done thing's a bit differently - I've just spotted one post that seemed to suggest that an i...