Hi,
I am currently halfway through my 2nd year of my IVA, and not regretting it for one second. It’s so good to be stress free and not have to worry. Wish I had started it years earlier. And, I even have a savings account. Haven’t had one since I was about 7. Admittedly, there’s not much in it, but still, I have a savings account! Amazing.
So now that I know what it’s like to be a mature, financially responsible adult I want to also take other aspects of my life just as seriously. The main thing I want to do is marry my girlfriend. But before I make any decisions, I would like to explore any options available to me.
I own a property in another part of the country, which is generally rented out. In an ideal world, I would just sell it and use the equity to pay for engagement ring, wedding etc. As I understand it, in reality all that would happen is the equity goes straight to my creditors, and I would have to carry on with my IVA as if nothing had changed. So this is not an option.
So, I then thought about seeing if my folks would offer a final settlement. IF they agreed to this, and we had an offer accepted, I was thinking that I could then sell my flat and give them their money back and still have some left over to allow me to buy the all-important engagement ring and we can get married and live a financially normal life together, happily ever after.
Is this idea realistic, or have I overlooked something? And is there a rule of thumb when working out a final settlement?
Thanks guys.
In the depth of winter I finally learned that there was in me an invincible summer.
-- Albert Camus
