earning more than now when iva was accepted

[Skippy]

Thanks Melanie. I don't want to keep struggling, as I may as well not have bothered with the IVA! I keep panicking about how I am going to cope, and while my partner and mum are helping me out, that's not the idea - his income fluctuates and my mum is a pensioner. I started the IVA as I wanted to get out of the mess I am in, and I like you say, I've replaced one problem with another.

I was so desperate to gte everything sorted out that I think I would have signed anything. I was determined to avoid bankruptcy, but maybe this should have been presented to me as an option. I can't remember my IP's name (the original one left), but he works for Accuma. I never actually met anyone face to face, as they are based in Manchester and I live near London.

Accuma are going to send me a new income and expenditure form, so I will go through it really carefully, and Dave is going to help me with the form and the covering letter (don't worry, I can write!).

I have just looked on the Vauxhall website and they say the trade in value for my car is approximately £4200. Oh well, if I can have £3500 for a replacement I can get something decent. Do you know if I have to wait until my car is sold before I get the £3500? This could be a problem getting to and from work.

If IP can convince the creditors to accept a variation that would be great. If they won't, then I'll know I've tried everything and bankruptcy is my only option.

I'll keep posting to let you know how I get on. Thanks for all your help and advice everyone.

Four down, fifty six to go until freedom!

[neverending]

Skippy
Hang in there.............you will be glad that you did.I would have done exactly as you did because like you I was just glad to have someone help me out of the problem.At the time you are not thinking clearly and are so used to living on a week to week basis juggling credit that you simply cannot fathom that 5 years is a long time on an inflexible budget.
Melanie
Quote", it seems to me that the system has failed you - and therefore your views of the process are rather negative"
I was well aware that my IVA would be a struggle because when we met the IP and first listed our income and expenditure we came out with only about £200 disposible income,however we jiggled it about to come out with an acceptable offer as we definately did not want bankruptcy.
I am not negative of the IVA system but just know that people contemplating an IVA are easily led and I don,t want other people to have unrealistic living expenses if their IVA allows for better.If say returning a dividend of 35p instead of 45p is the difference of a reasonable existance compared to a "surviving"experience then I am all for the lower dividend.
Most of my posts show a positive stance towards IVAs,I just do not want people to "jump"at the first sympathetic ear that they come across and rush into an unrealistic IVA with a company that is only interested in making money at the expense of someones quality of life.
If every IP was a Melanie Giles then this forum would not be needed,but as we all know there not.
Theres still a long way to go in the IVA world.
Good luck Skippy

[Skippy]

Thanks Neverending. As I said in another post I will send in the new expenditure form and see what happens, but the completed bankruptcy forms will be on the internet for 6 months, and if that's the road I need to go down then so be it.

Onwards and upwards!!!