Car Repairs on IVA

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Alex Norton

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Post by Alex Norton » Sat Jan 17, 2009 3:42 pm
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Hi,

I am new to the site and hope I am posting in the right place!

Me and my hubby are currently 5 months into an IVA and all is going well thankfully after a very stressfull 2008!

I had a car crash on Wednesday last week and have a £425 excess to pay. So far we have made all of our repayments on the IVA and there has not been a problem, however I will need to pay the excess to get my car repaired and so was wondering whether the IP will allow us to miss a payment and tag it onto the end of the arrangement.

Any comments will be gratefully received![:)]

Alex
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kallis3

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Post by kallis3 » Sat Jan 17, 2009 3:48 pm
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Hi Alex, and welcome.

Sorry to hear about your bump, I hope no one was hurt?

I think your IP will be sympathetic to this. Phone them Monday and ask for a payment break to pay for this.
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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MelanieGiles

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Post by MelanieGiles » Sat Jan 17, 2009 3:56 pm
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I am sure that they will Alex, as you will not have had enough time to build up a contingency fund for that - which in any case is an exceptional occurance.
Regards, Melanie Giles, Insolvency Practitioner
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Alex Norton

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Post by Alex Norton » Sat Jan 17, 2009 3:58 pm
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kallis3 wrote:

Hi Alex, and welcome.

Sorry to hear about your bump, I hope no one was hurt?

I think your IP will be sympathetic to this. Phone them Monday and ask for a payment break to pay for this.
Thanks for your prompt response - no one was hurt just shaken. Thanks for the advice I will give them a call.

Alex
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Alex Norton

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Post by Alex Norton » Sat Jan 17, 2009 4:10 pm
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Thanks also Melanie in these circumstances I am prone to panic and my first thoughts were how am I going to pay the IVA and the car bill!
Alex Norton
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MelanieGiles

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Post by MelanieGiles » Sat Jan 17, 2009 4:22 pm
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The car repair has to be treated as a priority, as if you cannot get to and from work, you cannot earn the money to fund the IVA.
Regards, Melanie Giles, Insolvency Practitioner
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plasticdaft

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Post by plasticdaft » Sat Jan 17, 2009 5:32 pm
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My car is going into the garage on monday to have the turbo looked at!!!

Lets hope its a split pipe and not a dying turbo that I have.(fingers crossed!!)
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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kallis3

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Post by kallis3 » Sat Jan 17, 2009 6:18 pm
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Everythings crossed for you Paul!
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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Skippy

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Post by Skippy » Sat Jan 17, 2009 8:20 pm
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I hope your car is ok on Monday Paul x
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plasticdaft

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Post by plasticdaft » Sat Jan 17, 2009 11:36 pm
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Thanks folks,told the mechanic I was skint and he has said he will take a look for nothing and take it from there.

Hard to type with crossed fingers!!
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Viki.W

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Post by Viki.W » Sun Jan 18, 2009 12:07 am
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Welcome to the forum Alex, sorry about your car.

Paul, hope your car costs a lot less than you think it will! Fingers crossed here. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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David Mond

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Post by David Mond » Mon Jan 19, 2009 6:23 am
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Yes - speak to your IP and ask for a payment break to cover the costs of the repairs.
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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Alex Norton

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Post by Alex Norton » Tue Jan 20, 2009 10:11 pm
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Hi All,

Just thought i'd let you know that we phoned the IP about the car repairs and they are happy to offer us a payment break to cover the cost.

Thanks for the advice!
Alex Norton
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kallis3

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Post by kallis3 » Wed Jan 21, 2009 9:04 am
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That's good news Alex.
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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