Hi all, Just had a weird email from a creditor, I've emailed my IP to find out what's going on as my annual review has just come up. We are writing this email to let you know that we were recently informed about the termination of your IVA with the agency, Bennett Jones Insolvency. We are happy to i...

I IP has confirmed that 50% goes into the IVA and 50% I can retain and save. I have asked them for clarification that I am able to keep that 50% for the remainder of the IVA.

Ah ok I understand better now, thanks Foggy.

So that means I'll be able to save that extra 50% and they won't ask for it? That really settles my mind in looking for a new job.

Foggy can I just get this sense checked, I've been looking at jobs since my F&F was rejected and I've found my original IVA proposal with these terms. "the amount you will pay will normally be 50% of the any additional net pay over 110% of your monthly earnings on which your contributions have been ...

Just received the report from the meeting and indeed the decision was with Cabot. They hold 50% of the votes and I'd had 44% acceptance. A real shame. I thought this was my ticket to getting the normal me back!

I was under the impression that all of the extra income would have to be paid into the IVA? With that 50% in mind, a £300 net increase would mean a £150 increase in IVA payment? I've also met someone that I'm 100% sure I want to marry. I wouldn't want to do this while in the IVA either. My life has ...

Thanks Foggy, your fast responses are always appreciated! I have around 28 months left @ £257. The Sprout offer resulted in a better p in the £ dividend than originally agreed so I was hopeful it would go through. The feedback I've received from my IP is that both Cabot and Link flat out refuse a F&...

Afternoon all, I've just had a variation meeting F&F offer rejected on the basis that it was a Sprout Loan. Creditors that flat out refuse these types of loan are Cabot and Link Financial. None of these were the companies I initially took credit with. Despite me saying that due to my job in the trav...

Hey all, Currently 19 payments into my IVA and happy with how things are going. However, I'd love to get this ended as soon as I can! I've read about ending early and that it must come as a gift from a family member etc. Are there any other ways of raising the cash to do this? I haven't, but if I th...

Hi, If you can manage to save, the money is yours. However you need to remember that you have to be frugal and you will have allowances to adhere to and your credit rating will be shot for six years. Thanks for the reply. I guess I'm worried that if I save up a decent amount, by trimming out some e...

Hello all, Having read a few of the questions on here today and trying to get an understanding of how IVAs work, I've still got one burning question that worries me. In principle, the whole point of an IVA is to help the debtors strip out some expenses and the creditors to reclaim at least some of t...