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-
Tab
- Posts: 80
- Joined: Thu Apr 19, 2007 11:30 pm
- Location: United Kingdom
Post
by
Tab » Mon Dec 01, 2025 2:01 pm
My Son purchased a car on Finance a few years ago , the finance was with a company called Advantage . Lots of problems with the car that culminated in him refusing to pay and them taking it back , then they hit him with a load of interest and charges to cover the vehicle that resulted in an attachment of Earnings order .
Its a long complicated situation but I'll try keep it to important points if any one could help or advise please ?
June 2022 First IVA Attempt refused . Advantage Finance Won Vote
Feb 2023 Second attempt Refused . Advantage won vote again
Sept 2025 Third Attempt . Approved. Advantage lost Overall Vote so forced to accept IVA Proposal
His Monthly IVA payment is £105
Advantage have so far refused to remove the Attachment order and are still taking £50 a week (£215 PCM ) out of his wages making it impossible to pay the IVA .
IVA Company have allowed 2 payment brakes to help but surely they cant keep on doing that ?
How are Advantage getting away with this ? is it even legal as they lost the vote ?
Why cant the IVA company seem to do anything about it ?
They tell us that Advantage are getting back to them but obviously they never do while they are getting away with it ?
His Employer will not stop the attachment unless they get a letter from the court ?
what can we do ?
How does it move forward ?
Variation Meeting ?
Any Help or advise or legal info very much appreciated .
Thanks Everyone
