www.iva.co.uk

Really stress my Ip has more or less said my iva will be rejected due to fga, had fga capital ever accepted an iva

This can be a problem but can be overcome. You could always get a second opinion or petition for bankruptcy if that is a suitable option.

id consider BR if they didnt take my car lol

It depends what you car is worth and whether or not someone could make an offer to buy your interest in the vehicle. Losing the car is not automatic.

We have recently had an acceptance from FGA. I don't think they blanket reject but I wouldn't like to guess at what they accept and don't

have I think 11k on the finance left. The car was valued at 7900 when I bought it. Now valued at 3k.
Its got a few dents since i bought it and 120k on the clock Its my get to work method too

They have recently rejected one of my client's IVA proposals. Their voting policy seems to be inconsistent to say the least.

Luke. For what its worth my IVA was rejected by FGA Capital as well. I have directly tried to negotiate with them but their response was only one their debt was charged onto my property and then they will negotiate what they feel is a reasonable amount for repayment. Hence this has put me somewhat in limbo, and feel like they are playing hard ball with me. If their demands are unreasonable I stand no chance of having an IVA accepted, and Bankruptcy is last resort which I am trying to avoid. I have tried to explain to them by email through their solicitor but they appear to be unwilling to communicate with me at the moment.

Rickne. Speak to your HP company and see if they would repossess the car in bankruptcy as I doubt if the O.R. would be too interested.

Which HP company are you with Rickne?

Well I bought the car from Imperial car supermarket and the finance company they use are Blackhorse.

Black Horse may not repossess so it could be worth a call to them on a no names basis. You also need to confirm it is actually HP and not an unsecured loan.

It says hire purchase agreement top of the contract. And I will give them a call. Cheers.

I guess thatd leave my security job in question. I really hope to avoid this route but a bit of research cant hurt.

Get as much information as you can before you decide on the best course of action. Your job may also be unaffected so a call to HR may be advisable.

Black Horse do not collect cars in either IVAs or bankruptcy, but in the latter process the Trustee does need to agree to the repayments continuing.

Black Horse were also big sellers of PPI, so if you have been sold this type of policy when you neither wanted nor required it, then you may be able to claim compensation.