Hi Ryan
I think Viki has a point, I understand youre very stressed out, its not that you dont care. You could have taken the BR route in the first place, had a reasonable income and expenditure and might not be facing this right now. We all make mistakes, bad choices, does that mean we deserve to be publically flogged??? I dont think so....
You have a number of choices here,
A) you can bite the bullet, phone the IP, tell them whats happened, tell them what you need to happen.
B) let the arrangement fail go into a DMP, you might get harrassment from the crediors, here, they dont have to freeze interest. Could go on for years, no definate end point....
C) do nothing and keep losing sleep and worrying.
If I am honest about it, I would say your best bet is to try and thrash it out with your IP, keep the protection from creditors. Agree to extend the IVA/ state that you need the extra income,state the different variables, you are willing to up your payments etc. That way you will have a definate end point, something to work towards... OK you might not have as much money as you want or feel you deserve right now, but the potential is there for the future...
You are in a very good position, youre erning well, you have a very good standard of living to look forward to at the end of all this. You have bettered yourself for your own and your creditors sake. You could have sat back and just took off when it was all over.
I also feel that whatever position we are in, we need professionals and their fees in all eventualities. We might get ripped off by garage mechanics, central heating people, etc, etc, etc. Sometimes we cant see the wood for the tress when we are all stressed out and scared. We live to regret, we can try to put things right..... There will always be winners and losers in certain situations.. You just have to find some middle ground that you feel is fair and just.
Good luck Ryan, I am rooting for you to make that call.
