Keith White, Author
Experienced DC with 30 years helping others.
Articles by Keith White
During an IVA - keeping a lid on outgoings
One of the common themes of the stories from those who have undertaken an IVA is the need to live within a stricter budget. This involves care in where our mo...
During an IVA - Maximising income
To be honest, it’s difficult to increase income during an IVA without it affecting the IVA payment level. This payment level is based on affordability and increa...
What happens at a creditors' meeting?
Once the groundwork has been done and the Insolvency Practitioner is satisfied that details are correct regarding a debtor’s income, outgoings, assets and de...
Do I have to pay a fee to apply for an IVA?
There are always fees involved in an IVA. The Insolvency Practitioner is a professional who needs to be paid. Time and expertise are required in ascertaining...
Will I need to open a new bank account in an IVA?
Except for the very few, we all need a bank account. And for many entering an IVA, they owe their own bank. Either an overdraft, a loan or a credit car...
Lump sum IVA's
The assumption so far in this book is that the IVA’s we have been referring to are fixed in length (usually 5 years) and based on affordable monthly payments. But there is a differ...
I have a car on finance - what happens in an IVA?
The number of cars on finance has rapidly increased in the past few years. PCP is now by far and away the largest method of such deals. It allows us to...
Can I go for an IVA whilst self-employed?
The self-employed are not immune from debt problems. In fact given the erratic nature of their income, often cash flow problems emerge – bills need payin...
Is it possible to propose a joint IVA?
Of necessity, an IVA is a single debt solution. The letter “I” in IVA stands for individual. However when it can be demonstrated that a couple (marrie...
Could I lose my house in an IVA?
For homeowners, an IVA may well be a much better option than bankruptcy. In bankruptcy the house is at risk – the debtor may have to come up with a lump sum repre...