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Does an IVA stop bailiffs?

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  • Does an IVA stop bailiffs?

    Heard that IVA is a legal agreement, can we waive off different kinds of debts in a safe and private way, and handle our finances thereon in a much better way.

    How an IVA can help us to stop bailiffs?

  • #2
    Welcome Moses,
    been going round the same old mountain for too long?
    An IVA is a long way before Bailiffs, providing youíve not broke a court judgement?
    Can you give a little more explanation as too where you are at with your Debts? There is a format used on this forum whereby you list your debts in a diary format to make it easier to both follow and assist. Iím sure a Mod will be along shortly to provide a link.

    Comment


    • #3
      Originally posted by Moses007 View Post
      Heard that IVA is a legal agreement, can we waive off different kinds of debts in a safe and private way, and handle our finances thereon in a much better way.

      How an IVA can help us to stop bailiffs?

      Are you currently being chased by bailiffs as a result of a county court judgment, or maybe a council tax debt where the Local Authority obtained a Magistrates Court liability order etc?

      Don't assume a debt owed will automatically lead to bailiffs - the debt owner would have to take you to court first and win!

      IVAs can be expensive as you have to pay for the service, and if you can't keep up payments for the whole term (many fail before reaching the finishing line) then all the interest gets added back on so you may be worse off than when you started.

      Why not post about the debts you are dealing with so help and suggestions can be given as to how to mange the situation. This forum focuses on first establishing whether the debts are enforceable in law, and then you can decide your next steps.

      It'll be helpful if you can set out each debt in a separate post using this format >
      • Type of account (credit card/loan/overdraft/catalogue)
      • Date commenced (ideally before April 2007)
      • Approx balance
      • Date last paid (approximate date you last made a FULL payment)
      • Are you on arrangement or not paying
      • Status (default/in arrears/up-to-date)
      • Account owner (who is writing to you, a DCA or the lender or debt purchaser)

      I look forward to helping you

      Di
      Legal Disclaimer

      I am a Litigation Executive at
      Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. Our initial advice is always free.

      Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

      Comment


      • #4
        Thank you for your valuable advice, can anyone tell me which one is better to take IVA or DRO? please suggest any advice..


        It'll be helpful if you can set out each debt in a separate post using this format >
        • Type of account (credit card/loan/overdraft/catalogue)
        • Date commenced (ideally before April 2007)
        • Approx balance
        • Date last paid (approximate date you last made a FULL payment)
        • Are you on arrangement or not paying
        • Status (default/in arrears/up-to-date)
        • Account owner (who is writing to you, a DCA or the lender or debt purchaser)

        Answer the above request forget IVA/DRO for now, people are trying to help you in a better solution possibly? think straight, because if the iva etc goes wrong it is back to square oine and wasted money
        Last edited by The Tech Clerk; 14th August 2019, 14:25.

        Comment


        • #5
          Originally posted by Moses007 View Post
          Thank you for your valuable advice, can anyone tell me which one is better to take IVA or DRO? please suggest any advice..


          It'll be helpful if you can set out each debt in a separate post using this format >
          • Type of account (credit card/loan/overdraft/catalogue)
          • Date commenced (ideally before April 2007)
          • Approx balance
          • Date last paid (approximate date you last made a FULL payment)
          • Are you on arrangement or not paying
          • Status (default/in arrears/up-to-date)
          • Account owner (who is writing to you, a DCA or the lender or debt purchaser)

          Answer the above request forget IVA/DRO for now, people are trying to help you in a better solution possibly? think straight, because if the iva etc goes wrong it is back to square oine and wasted money

          ^ ^ ^ ^ I think your last post may have been edited by mistake - maybe the Mod intended to quote it?

          Di
          Legal Disclaimer

          I am a Litigation Executive at
          Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. Our initial advice is always free.

          Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

          Comment


          • #6
            An IVA can be used to stop action from a bailiff. However whether it is the right solution for you will depend on a number of factors. some of them are below:

            When is a bailiff used?
            Is an IVA the right solution for you?
            What can you do in the mean time?

            Comment


            • #7
              Originally posted by Moses007 View Post
              An IVA can be used to stop action from a bailiff. However whether it is the right solution for you will depend on a number of factors. some of them are below:

              When is a bailiff used?
              Is an IVA the right solution for you?
              What can you do in the mean time?
              Moses007 Very interesting but you are presuming that any debt is legally payable aren't you?

              The right solution is to take control of your Debts, and establishing their legal position before even considering paying a penny.

              I certainly wouldn't recommend an IVA, which is an acknowledgement of Debt and restarts the Statute Bar clock without first of all exploring all legal options.
              Last edited by Roger; 10th September 2019, 21:02. Reason: typo

              Comment

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