www.iva.co.uk

hi have just been refused iva by payplan, have over 400000 in debts wanted to start again, they said we had enough money coming in to budget, but hubby been on strike throughout the year and we are quite broke now only just gone back to work, is there a limit of funds you have surplus before they accept an iva

sorry should read 40000

Hi,

An IVA is decided upon affordability as well as disposable income. How much per month were you proposing to pay?

There is no reason why you cannot try again with a different firm now that your husband is back at work. Visit www.iva.com for a list of companies and reviews and give one or two a ring. You may find one of those will be able to help you.

we were going to offer 300 per month, as my middle child has just left school and needs supporting at college and my husband's wages are eventually going to be less

£300 doesn't sound that bad a return to me. Did Payplan say what the dividend was going to be? Do you have a big creditor such as Northern Rock who might have been a stumbling block?

Is there property with equity in it??

i didnt get that far our debts amounted to 750 per month in total and she said we had enough surplus to pay them, i explained my husbands wages can change from contract to contract she said that was government guidelines, our outgoings were about 3400 without leisure we dont smoke or drink, and our incomings at present 4000 but that can change and we have three teens one at uni on a bursary, one starting college and one still at school i thought we wouldnt have a problem

plasticdaft wrote:

Is there property with equity in it??

EQUITY 10000 WE HAVE LOSR 30000 WITH HOUSING MARKET PROBLEM

Dont panic for now. Try contacting a different IP,use iva.com to see some reviews. Melanie Giles who posts on this forum is highly recommened,I dont use her firms personally but know of plenty of others who do.

Can you list your creditors and the amounts they are owed??

Melanie Giles is superb - you won't go wrong with her.

There you go,a personal recommendation,just what the doctor ordered!!!!

thanks for support i did speak to an iva adviser about a month ago and they said i had a case and could get my payments down to 250 with my outgoings obviously they would take a share as payment when i mentioned this to payplan they said their decision is on government guidelines but only took all my information down and that was that

Go to Melanie Giles an get the job done properly; 6/7 companies said I would not get an IVA = Melanie got a difficult and unusual one through for me at 1st attempt.

There are plenty of companies to try. Seek the opinion of a few IP's on here. All come recommended. It is essential you find one you like and trust. Only you can decide this. I am sure speaking to another IP will give you different ideas. I tried Payplan first of all, and they said no, i tried the company i am with now and they got it approved 1st time.
Good Luck

You have nothing to lose by giving another company a ring.