Debt escape court cases put on hold

[kallis3]

Thanks Phil and sparklywatcher.

[newdeal]

The undeniable fact on reducing your debt relies on the rule of law and not the rule of man like in some tribal society.The Personal,ethical or biblical teachings will not get your iva accepted.Creditors operate within the law not pled barginning.I personally would not differential between someone who pays 10p to the pound or 99p to the pound, in so far if you seek an iva then you are asking for legal protection and legal requirements to pay. If we get bogged down with the moral views of the obligation to pay debts then someone paying 80p in a better standing than someone paying 40p to the pound?? Not the kind of comparison people want??

If you speak to people who have no debts, they would not see an IVA as anything but a legalised debt evasion measure along with getting out of the CC agreement. I would respect their view and the creditors view on these legislations as they are not represented here on this board.Shame.

[onechance]

I have been reliabley informed that the IVA payments and debts will be adjusted however you might have to apply to all banks to get it

[mole]

If you speak to people who have no debts, they would not see an IVA as anything but a legalised debt evasion measure along with getting out of the CC agreement.

Hi Newdeal, I would probably agree with the above statement but is that not an education issue for for the general public rather than the actual reality?

[kallis3]

Let's not forget that the whole of the debt is owed throughout the term of the IVA - a proportion of it is not 'written off' until the end.

You are still liable, and therefore, in my opinion, are not seeking debt evasions.

I will never agree that an IVA is anything other than an honourable way to settle otherwise unmanageable debts which otherwise would be lost in bankrputcy and the creditors get nothing.

[Adam Davies]

Hi
The reason some people pay 20p in an IVA and others 90p is simply because it is all that they can afford to pay, it has nothing to do with the higher dividend relating to a higher moral responsibility to repay the debt.
An IVA is not debt avoidance scheme at all.
Question for Newdeal......are you actually in an IVA or DMP or do you actually have debt that you are finding hard to repay ?
Regards

[kabby3]

My thoughts entirely Andy!

[Skippy]

Well said Andy

[kallis3]

Excellent post Andy - couldn't agree more.

[ivas4us]

Exactly Andy. Whatever circumstances Newdeal finds himself in it is obvious that he does not agree with the concept of an IVA. Everybody is entitled to thier opinion but I do feel his arguments would perhaps find better credability on another forum, which is my opinion.

[mole]

Perhaps I am wrong but I think newdeal is actually in support of IVAs and other debt remedy solutions (determined from previous posts). I would like to think he is just questioning the relative merits of other options and their perceptions by the general public.

[ivas4us]

In that case my previous post was pretty pointless.

[LoneRanger]

How could anyone possibly believe that an IVA is a way of avoiding debt?

Why would any of us put ourselves through 5/6 years of tight budgeting, no holidays or a modest one at most etc?

I always thought the purpose of an IVA was to pay back as much as you could possibly afford over the term. In my point of view if i wanted to avoid a debt I wouldn't be proposng an IVA. As annoying as creditors can be I feel responible to pay back as much of what I borrowed as I possibly can.

[mole]

Not pointless at all Paul, I could be wrong and it seems a few people have been questioning his/her posts.

If indeed newdeal is not in favour of debt remedy solutions I agree that his presence here can only be inflammatory.

[ivas4us]

Thats the impression I get Phil but I may not have read all the posts and if he asking legitimate questions about ivas then its fair comment.