HI Emma We enjoy the possibly easiest bankruptcy regime in the world, certainly in the EEC which is why EEC nationals come here for six months to take advantage of our bankruptcy laws. In your IVA you have to complete the arrangement to be free of your debt, in bankruptcy you do not you are discharg...

Hi Emma

You will have to see what is on offer on the table, as long as you do not start paying out until you are happy with what you are doing and the creditors are going to play ball, you should be OK

HI Emma What type of work do you do,as an IVA is also a type of bankruptcy a controlled bankruptcy, and who told you that you could not go bankrupt if you have surplus income, if that were the case Income Payments Orders would not exist finally the 1st IVA failed and cost you dearly almost eight tho...

Hi Mark Creditors are not always the same in thinking but they are also no different to you and I. If I owed you a thousand pounds and I said look Mark I am in financial trouble I can offer you a voluntary arrangement where I repay you £400 over a period of time, otherwise if this is unacceptable to...

HI Ste52

You need to ask on what authority the IP has on your wife assets, I presume the IVA is yours, are you sure the IP told you this and not a case worker, even if your wife was to burn her share that is her business it does not belong to the representative of your creditors, the IP to take.

A very useful article on Debt Camel Newsletter this month which can be seen here,http://debtcamel.co.uk/ivas-complain-secured-loan/

Hi Holly I presume they are post IVA pay day loans and are in your name only, so they cannot be added to your IVA and will need to be paid however the Pay day loan company should have never lent money to someone on the Insolvency Register which they have obviously never checked which is reckless len...

Hi Joanne You have to ask yourself why are they charging you upfront when some others do not, and the Guy coming round tomorrow will that be his or his companies referral fee just to pass you on to someone you can contact yourself, please take note about the bad posts you have already read on up fro...

I think Equity in Finance may crumble following the end of the PPI claimback, shareholders of Equity in Finance can retire to Barbados, there will never again be such a money spinner as the PPI episode, has been for this company

Hi Errolyn

That is a decent PPI award, I wonder if that would have made a difference to you into entering in the IVA in the first place £12000 is a good full and final settlement for many who are not already in an insolvency solution.

Hi Cornish From reading your posts and the latest information you have supplied, you are in the cat seat here with your creditors it is your proposal, your IVA, having no assets you could have chosen to be debt free in twelve months with bankruptcy, the benefit of the IVA is more to them than to you...

What has happened to the IVA market is a repeat of the personal Injury market with solicitors having to pay huge introducer fees for personal injury cases from claims management companies and many of the IVA companies now on Google are just selling on names and addresses,to others who are struggling...

You do not need a termination certificate however sometimes the court and often the Judge do not know this, if you quote rule 6.42 2A of the Insolvency rules which states that the court list your petition, because there is a current IVA in force for a hearing in 21 days with the court writing to the...

The problem here is Michael, Debt Lifeboat does know what the proposal says and I cannot imagine them terminating the IVA unless they are sure they are within their rights to do so,can you imagine the reprocussions if they are wrong,surely they will had legal opinion on this, Blackstar will not be t...

Hi Sarah This is not confusing you said the car was worth £5000 originally you now feel it is worth £3800 the figures are still the same the OR will still only offer you the sum of £1000, IF you can show that you require a vehicle for the purposes, I spoke of in my original post, you can of course t...