HI Lisa You are allowed a vehicle if you can demonstrate you need it for employment OR unpaid vocation purposes as long as the vehicle is not worth more than a reasonable replacement, and I can tell you with confidence that even if you can convince the OR you need a vehicle because of employment or ...

Hi Michael I notice you say you did less than 50 IVAs last month I take it this is down on normal, I recently discovered that Birmingham County Court are now processing less than three bankruptcies per day with one part time clerk when two years ago were processing twelve per day with three full tim...

HI Sponge

I find that incredible that your IP took fees off your credit card when you were insolvent about to enter an IVA are you certain it was your IP or was it an introducer who took the payment

Hi Sarah If Stepchange have advised Bankruptcy there must be merit in this for you to consider. The OR will not be interested in properties sold in 2001 he only asks about properties sold in the last five years, with regards to the OR (possibly but unlikely) saying you have developed an interest in ...

Hi Laura I am afraid an IVA will be of no benefit to you as your loan is secured to your home which is at risk if you fail to keep up the repayments upon it, however organisations like Shelter and the CAB may be able to offer support

Hi John A worrying time for especially as you posted on Christmas day with no hope of any answers to your plight till early January. As someone who entered an IVA with a ton of equity in your property I would imagine the creditors dictated the terms of your IVA so the agreement will be heavily in th...

The Money Advice Service MAS supposed to help people with financial problems has been granted a reprieve despite being described as not for purpose by MPs. The report in the independent condemns the excessive pay of senior tax payer funded staff to promote the service rather that help people in debt...

Hi
I bet a months salary you are in a debt management plan have you seen reviews about eurodebt, try money supermarket.com

Hi Penny

What would be the money from the property if it were sold?

Hi Clare At the same time why would creditors accept anything less than 100p in the pound, with an asset as described, surely once they smell all that equity they will issue statutory demand, seems to me a secured loan with a full and final is worthy of consideration here, of course I presume that t...

Personally I think it is nuts you are in arrears with your mortgage and council tax, and having to take from your food budget, with your IVA companies knowledge, in order to pay past debts. You need to prioritise this keeping you home is more important than keeping your IVA, feeding yourselves prope...

Hi Emmad From little you have said it does seem the advice given eight years ago by the CCCS was perhaps bonkers, however if they are now talking about bankruptcy there must be a reason for that,however they know your full circumstances I do not, but had you gone bankrupt at the time not only would ...

Can you advise how long you have been in the IVA, how much paid in and confirm you are both in the arrangement,

Hi Frances Well done to you, despite your interpretation of the hard sell you were having none of it, and freedom to settle your debts your way sounds good to me, and especialy not knowing the precise amount of the inheritance I think a good choice. I do wonder what the agent left out making it soun...

You would think and hope that all bankrupts are treated equally, with same rules applied to all,nothing to do with what mood they are in, but I suppose in reality it does not work like that, Clare do you know which OR office is still adopting this £1 buy back procedure?