Can’t cope anymore iva crippling

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Foggy

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Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Thu Mar 17, 2022 1:01 pm
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Tue Mar 15, 2022 3:53 pmFoggy wrote:
Which firm are you with ?

Demand a copy of their calculations, so that you know what you are arguing against.

Is there any reason why you cannot go bankrupt ?

With the wife's lost income you might even qualify for a Debt Relief Order if you can get your disposable income right down. Your local CAB should be able to help with this. ( https://www.citizensadvice.org.uk/debt- ... d-to-know/ )
As I mentioned before -- speak to CAB and investigate the possibilities of letting the IVA fail and replacing it with a DRO if you can qualify.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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bowline

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Joined: Sun Aug 11, 2019 2:31 pm
Post by bowline » Thu Mar 24, 2022 5:18 pm
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I think you should talk to a real debt adviser about your current options. Try Citizens Advice or National DebtLine.
It may be that a Debt Relief Order is possible for you with your partners maternity pay ending soon. If not bankruptcy may well be a more reasonable payment that you are being asked for. You arent yet halfway through this is a long while to try to continue for if the Hanover is being so difficult.
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