Hi, we have just finished our third year of our IVA and just started the fourth year. We have just had letters from our IP regarding the fourth year equity release. Although we have a "joint" iva, my clause says if I can't release any equity (v unlikely) I may be able to carry on paying for a furthe...

Hi

Do they take account of extra expenditure then on a six monthly review? Perhaps that is supposed to be funded from our 50% of the overtime?
Thank you all v much for your help

Stella

Thought it was me. I assume (rightly or wrongly) that unearned household income would be expenditure i.e.extra costs for petrol etc as there is nowhere else that it is shown on the "6 monthly statement" to be deducted, even though it is on our original I & E as a separate amount. I hope that paragra...

Thank you for your reply. Yes our IP is intending to seek the uplift!! I will type word for word the clause in our proposal as follows:- "In addition to the proposed monthly contributions, I shall pay no less than 50% of the net value of my monthly earned income I receive in the form of overtime, bo...

Hi again I know its Saturday and everyone's enjoying the lovely weather and football but could I have a reply please! Looking at other postings I assume the cost of the extra petrol etc will have to come out of our half of the overtime earned(not a problem if that is so!). Some weeks my husband earn...

Sorry its confusing, I am very confused! Firstly I would be grateful if you could confirm exactly what the wording" there will not be a requirement to pay any element of any increase in unearned household income" means, because I don't understand the terminology and secondly on the review they have ...

Have just had figures for my review but just wonder if someone could clarify a particular clause in my proposal which will help me. I understand the bit about 50% net value of earned income and not paying £50 of such calculation and not paying half of nay increase in rent/mortgage, council tax car i...

Thank you Melanie, I will send them an e-mail now just to be on the safe side and make sure the correct boxes are ticked before signing it!

Hi Just a quick question. Our IVA has been running for a year now but we have only just been sent an RX1 form to sign, our IP has not sent us one before and although it has their name etc on,no boxes have been ticked etc and they have not explained what the form is. Any good reasons as to why they h...

Hi, haven't posted for a while but have been reading every day! Just a question. Just coming up to 6 monthly review and just wondered if anyone could clarify a clause in my IVA. "I shall pay no less than 50% of the net value of my monthly earned income I receive in the form of overtime, bonuses and ...

Hi, haven't spoken for a while but have been looking at the site all the same! Lloyds TSB (credit card) were one of my creditors, they did not vote at my meeting and they have not been off my back. They ring every week and I tell them I am in an IVA they do not take any notice, they have written me ...

That's interesting Storm, what sort of other things can creditors and debt collectors find out legally then?

Hi Neverending, Thanks for replying to my questions, perhaps I will become as knowledgeable as you one day!! yes, I am very well aware of Next, I have written to them twice and will ring them to contact my IP. I do not want the bailiffs coming. Since my earlier post, I have had Mercers on the phone ...

Our IVA was agreed last Monday 5th March and today especially, I have had Mercers on the phone. Apparently my husbands Barclaycard debt has been passed to them. They won't accept that we are in an IVA. I have had threatening letters from Next and this evening I have just had someone from Lloyds TSB ...

Hi neverending and thanks for your advice and may I send my congrats to you too! Yes, we did have the usual clause in our proposal about the 50% overtime anyway, just needed to know if we had to pay over any extra above that. Just thought you would like to know one of my mods was " Any windfall, in ...