2 more years and we are at our wits end

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Jobie71

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Post by Jobie71 » Tue Jul 29, 2008 10:40 pm
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We currently pay 60 pence in the pound and being hit hard by the credit crunch. Our supervisor has said we should be able to mange on our budget, but it doesn't factor in huge repair bills for cars etc. We are really really struggling to make ends meet. We have 2 more years on our IVA to go and we are at our wits end. What can we do?
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MelanieGiles

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Post by MelanieGiles » Tue Jul 29, 2008 10:46 pm
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Hi there and welcome to the forum

If you have receipts for the car repairs, there should be no reason why you cannot negotiate a higher allowance for this with your supervisor. If you need to reduce your payments, this may only be able to be effected with the specific agreement of your credtiors, and another creditors meeting might have to be called for this purpose.

Why not send your IP a revised budget for him/her to review?
Regards, Melanie Giles, Insolvency Practitioner
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kallis3

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Post by kallis3 » Wed Jul 30, 2008 6:40 am
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Hi Jobie and welcome from me too.

You have come to right place for advice and support.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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