I think you are all missing the point here, after all what the banks have done to us tax payers, this is another example of clear incompetency on the part of the banks in not properly executing their credit agreements to us, JUST CLEARLY THROWING MONEY AT PEOPLE!!! I hope that many people read this post, and take on these spongers!!!! aka, banks and the like.
If they had not been so aggressive in the first instance by refusing to accept variations to my IVA, and refusing to accept my wifes IVA then they would have got back most of the money of what they did lent ad hockly in the first place.
I personally have had to go through an absolute nightmare of a BR, to the extent of at one point I thought me and my family would lose our home.
Had I fought back with some of the knowledge that I now have, I wouldn't have gone BR, wouldn't have entered into an IVA, wouldnt have charging orders on my home by these greedy banks.
I still have problems with charging orders on my home even though I entered an IVA FOR OVER A YEAR, AND BECAUSE THEY WOULDNT ACCEPT A VARIATION TO MY IVA, AND ACCEPT MY WIFES PROPOSAL (WHICH WAS A SLIGHTLY HIGHER DIVIDEND THAN MY APPROVED IVA!!!, BOTH MY WIFE AND I HAD TO APPLY FOR BANKRUPTCY. Every month we get letters telling us that they are considering repossession orders and all of this is absolute garbage. You do the time for the crime, yet me and my family are still being punished.
I personally think the unenforceability of loan agreements is a cheaper way of getting banks to write off bad debt, and perhaps avoid using Insolvency Practitioners to enter in a costly IVA - ALBEIT SLIGHTLY MORE TRICKY.
MORALS DONT COME IN TO IT, AS THE BANKS WILL TELL YOU - BUSINESS IS BUSINESS.
Anyone support me on this???? and How could I do this??
