It was an employemnt issue. i was under the impression my employers did not need to be told of an IVA and that I could lose my job. My employers guidance states they must be told of either. So rather than paying out 350 a month or so and then handing over potential equity I no longer have to. My employer has been been great with me and the court and OR were not at all the nightmare I expected. if anything, the OR has worked with me rather than against me.
It seems somewhat preposterous that someone with no money to realise their debts, is expected to pull £510 out of the hat[;)]
Can you pay by credit card?[:D]
kallis3 wrote:
Firstly, you need to let the IVA fail by missing three payments. Save this money up as BR will cost you £510 for court fees, and that is per person.
If David hasn't been able to assist, then I would just let it run its course. As soon as the IVA has failed then you can file for BR.
The fees went up this year, and will probably go up again next year.
Those on certain benefits can get a reduction of £150.
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
