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by steve1505
Sun Oct 14, 2018 10:59 pm
Forum: full and final settlements
Topic: Can IP take as long as they want to put forward offer to creditors
Replies: 3
Views: 66582

My son is about 3 years into an IVA and thus has another 2 + 1 years left until completion. A large sum of money has recently been made available to me and so I decided to make some of this available as a lump sum to be put forward as full and final settlement. My son put this forward to Payplan som...
by steve1505
Mon Feb 13, 2017 1:30 am
Forum: Ask IVA Forum and Industry experts
Topic: Cost of shopping
Replies: 8
Views: 969

Just going through my son's income and expenditure sheet and it got me thinking. Luckily I haven't had to worry about my spending but I had a quick glance at my credit card bill and noticed a big difference. There are two of us here and we spend more, (quite a bit more,) than he does with an IVA. It...
by steve1505
Sun Feb 12, 2017 11:19 pm
Forum: Ask IVA Forum and Industry experts
Topic: Replacement car
Replies: 14
Views: 1300

Had a thought. Son and daughter in-law are 16 months into 60+12 month IVA. Due to an increase in earnings, the IVA payments have risen jointly from £426 to £593. As the creditors had accepted that they would be getting £426, are PayPlan able to authorize the use of the excess, (without going back to...
by steve1505
Fri Feb 10, 2017 1:31 pm
Forum: Ask IVA Forum and Industry experts
Topic: Replacement car
Replies: 14
Views: 1300

Many thanks for all of your replies, it is very touching, (not just for my question, but others also,) when people use so much of their time to help others. Much appreciated. I guess a car loan looks like my son's only option. Unfortunately, I know he his being squeezed so hard, he just couldn't aff...
by steve1505
Thu Feb 09, 2017 1:10 am
Forum: Ask IVA Forum and Industry experts
Topic: Replacement car
Replies: 14
Views: 1300

I am writing this as I am trying to find more information for my son and daughter in-law both of whom have IVA's. They both travel to work in different directions from home and at times where they can't share one car to get there. One of the cars, an old Corsa has always needed one thing or another ...
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