IVA & DRO

A question about : IVA worry

Hi,

I was wondering if anyone on here could help me with a possible problem. Basically back in January 2007 I entered an IVA agreement with DebtClear on a 60 month agreement.

Over a given ten years I had ran up Ј37k of credit card debts, 99% of this wasn't for anything other than simple living costs. I don't drink,smoke,go out to eat, go out to watch movies etc, I basically work each day, come home eat go to sleep, get up and go to work.

A question about : IVA Help plaese

Sorry for reposting - i'm new here and think i got the wrong board. I would really appreciate some advice from anyone who has been in a similar situation

A question about : Trust Deed (finished help)

Hi looking for a bit of assistance

I got into a bit of bother when i was much younger and entered into a trust deed when i was 19/20 Oct 2001

This trust deed ended Oct 2004 , however my question is this ... i recieved my discharge letter etc , and have had no credit really since then (apart from my mortgage which i took out in Dec 2006) and a mobile phone contract in may 2008

A question about : IVA and negative equity

This is now academic for me as I am out of my flat, failed the iva and preparing for bankruptcy..and haven't felt this relaxed in years..but out of interest, as a mate is in this position, what happens now in the the fourth/fith year of an iva when you are required to release any equity in your home to go to the debt?

A question about : Trust Deed Stories

Trust Deed's in Scotland are very similar to IVA's, except they last for 36 months instead of 60. At the moment I am more than half way through- and my quality of life is a hell of a lot better than when I started. I would certainly recommend this as an alternative to the 'B' word. It's no the easy ride some would have you believe, but it's a cathartic process that I know will leave me far better positioned for the rest of life once it is completed.

A question about : IVA Total payment ?

Hi everyone,

As some people know I am progressing through starting an IVA. If I understand correctly its over 5 years (So why do you see 60 months mentioned so often?) However when I work out how much I owe v how much I will pay back over 5 years, there is a difference of approx Ј1500. Is it me or is this a little OTT.

A question about : The IVA council, advice please

Hi, was just wondering if anyone has had any experience with the IVA council??If so was wondering if you could tell me if you thought they were good or not?? As i have had a phone call off them and i'm not sure if they are just trying to get money out of me.

They seem to think that i have been miss sold my IVA, as i have no assets and they seem to think it would be in my interest to go bankrupt.

A question about : IVA Council

Hi, has anyone had a letter from these guys saying you may have been mis-sold an IVA.

thanks
will