am i crazy?

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MelanieGiles

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Post by MelanieGiles » Sat Jan 10, 2009 1:25 pm
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Have they actually diagnosed anything yet?
Regards, Melanie Giles, Insolvency Practitioner
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Skippy

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Post by Skippy » Sat Jan 10, 2009 1:33 pm
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Not yet, she's waiting for the results of her xrays, which she should have by Wednesday. Hopefully she'll have some answers then.
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kallis3

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Post by kallis3 » Sat Jan 10, 2009 1:47 pm
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I hope she gets sorted soon Skip.
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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David Mond

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Post by David Mond » Sun Jan 11, 2009 6:05 am
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LOST - don't yet throw in the towel and discuss matters with your Supervisor (IP) and see what compromises are possible - a variation for a period for example until matters are sorted. If not then possibly bankruptcy - but is there any equity in your home as you have only 11 years left on your mortgage?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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Rosepetal

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Post by Rosepetal » Tue Jan 25, 2011 3:03 pm
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can you you tell me what a IPA is? thanks
Nothing stays the same...everything changes..hang on in there!
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kallis3

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Post by kallis3 » Tue Jan 25, 2011 3:11 pm
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It's an income payment agreement. If you are bankrupt and have more than £20 per month disposable income after your bills are paid then you will pay a percentage of this across to your bankruptcy for a period of three years.
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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Michael Peoples

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Post by Michael Peoples » Tue Jan 25, 2011 4:00 pm
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Bear in the mind the word 'agreement'. Should you go down the bankruptcy route do not be bullied into signing something that is unfair or not affordable. I have heard some nasty stories but stand firm and only agree to something that you are happy with.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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kallis3

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Post by kallis3 » Tue Jan 25, 2011 4:13 pm
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If you don't agree to it though, can they not do an Income Payment Order so you have to pay it?
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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Michael Peoples

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Post by Michael Peoples » Tue Jan 25, 2011 4:31 pm
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They have to apply for one and there is no guarantee that they would get it. Judges are known to be debtor friendly and I have seen Official Receiver's leaving court with a flea in their ear for trying to squeeze money from a bankrupt. Do not agree to unreasonable demands and see if they would even dare apply for an IPO especially if you have made a fair offer.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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kallis3

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Post by kallis3 » Tue Jan 25, 2011 4:37 pm
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Interesting to know that. Presumably they would only pursue it if you had a fair bit of DI and were refusing to pay anything at all?
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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Michael Peoples

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Post by Michael Peoples » Tue Jan 25, 2011 4:42 pm
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It may be down to the attitude of each individual office. Compromise is the key and do not be bullied by threat of the court. It is there to make a decision on the merits of the application and you can defend your corner.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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whitey98

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Post by whitey98 » Mon May 23, 2011 9:30 pm
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What's a ipa?
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kallis3

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Post by kallis3 » Mon May 23, 2011 9:36 pm
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It's an Income Payment Agreement which has to be paid for 3 years if you have sufficient disposable income.
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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