causing far more problems than it is solving

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stuart.f

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Post by stuart.f » Sun Aug 24, 2008 8:32 pm
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is it possible to "get out of an iva" without going fully bankrupt if not what are the rules and method of bankruptsy? my iva is actually causing far more problems than it is solving and i feel after reading lot about itthati may havebeen missold it!
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rockstarloz

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Post by rockstarloz » Sun Aug 24, 2008 8:38 pm
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as far as I know you can either let it fail by defaulting 3 times and then maybe set up a dmp or offer a settlement figure. why is it causing problems and why do you think it was missold?
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Skippy

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Post by Skippy » Sun Aug 24, 2008 8:44 pm
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Hi Stuart and welcome to the forum. You can fail your IVA by missing 3 payments as Rockstarloz says, and then you can either go BR or into a DMP. Do you have any assets that would be at risk under BR proceedings? If you have a look at my blog I have posted about my BR experiences.

What sort of problems are you having with your IVA - are the repayments too high? Have you spoken to your IP to see if there's anything they can do to make things easier?
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stuart.f

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Post by stuart.f » Fri Aug 29, 2008 7:58 am
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at present the repayments are far too high and as i'm getting married tomorrow, my partner and i are worried about how much her own wages an debts will be taken into account by the iva! i have written to my provider with a detailed change of circumstances and am awaiting a reply!
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Viki.W

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Post by Viki.W » Fri Aug 29, 2008 8:01 am
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Hey Stuart, congratulations for tomorrow. How exciting. I hope you get some answers soon and have your repayments sorted. 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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Julie

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Post by Julie » Fri Aug 29, 2008 8:33 am
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Hi Stuart - I echo LadyH's comments. enjoy the day tomorrow and forget about the IVA for at least that special day.

Best wishes x
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Soulgrowth

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Post by Soulgrowth » Fri Aug 29, 2008 8:58 am
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Hi Stuart ... just wanted to echo everyone else in wishing you a wonderful day tomorrow (I have just dried my eyes after watching the GMTV wedding!).

This is a life changing phase for you and your IP should arrange a new I&E for you to take account of this.

All the best

Debbie
Debbie
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kallis3

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Post by kallis3 » Fri Aug 29, 2008 10:51 am
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Congratulations and best wishes from me too.

Have a wonderful day tomorrow.
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.t47

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Post by michael.t47 » Fri Aug 29, 2008 1:11 pm
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have a great day. day i got married was best day of my life
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kallis3

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Post by kallis3 » Fri Aug 29, 2008 1:14 pm
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Friday 13th I got married - hubby says he's had bad luck every since!
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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Lisa2009

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Post by Lisa2009 » Fri Aug 29, 2008 1:19 pm
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Congratulations and have a lovely day.
The day i got married was the most embarassing. I laugh with nerves and sayng my vows i laughed that much, i cried.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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michael.t47

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Post by michael.t47 » Fri Aug 29, 2008 1:26 pm
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i was so nervous i sang etc etc etc at the chorus to all things bright and beautiful
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kallis3

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Post by kallis3 » Fri Aug 29, 2008 1:28 pm
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That must have been a sight Mrs S![:)]
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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