is it possible for me to go br if I stop working?

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foxykay

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Post by foxykay » Tue Aug 05, 2008 8:27 am
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I currently have an IVA this is my 2nd year of paying, but due to ill health I may have to give up working, is it possible for me to go bankrupt if this happens
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moretolife

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Post by moretolife » Tue Aug 05, 2008 8:44 am
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as a newbie on forum i dont have answers....but i am sure someone will have some options for you

hope your ill health is temporary....keep pressing on
IVA completed 11th Dec 2009 due to a Full and Final with the fantastic help of Michael Peoples and
Mc Cambridge Duffy

Visit my blog...Journey from Debt to Life Post IVA
http://moretolife.blogs.iva.co.uk
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Viki.W

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Post by Viki.W » Tue Aug 05, 2008 9:10 am
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Hey foxkay, welcome to the forum. Your well being comes first and if you do have to stop working there is always the option of going Bankrupt. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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MelanieGiles

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Post by MelanieGiles » Tue Aug 05, 2008 6:26 pm
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You can go bankrupt at any time during your IVA, but increasingly I am being made aware that the Courts are refusing to grant bankruptcy orders to people in IVAs without a letter from their IP confirming the IVA is in default. I guess we have the antics of the IVA Council and others to thank for this.
Regards, Melanie Giles, Insolvency Practitioner
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flozza

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Post by flozza » Tue Aug 05, 2008 9:31 pm
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Hi Foxykay,

I too have the same problem due to complications last year, but I am currently trying to make an offer of a Full and Final settlement in order to sort this rather than bankruptcy. Is there anyone that could help you make an offer of full and final settlemt - that may be an option.

Flozza x
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Lisa2009

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Post by Lisa2009 » Tue Aug 05, 2008 9:34 pm
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Flozza, how is your F&F going?
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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Soulgrowth

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Post by Soulgrowth » Tue Aug 05, 2008 9:38 pm
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If you miss the statutory three payments would this mean that you wouldn't need a letter? Presumably you would then automatically have a letter of default?

Debbie
Debbie
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flozza

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Post by flozza » Tue Aug 05, 2008 9:39 pm
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HI Mrs Skint,

Thank you for asking. Unfortunately my IP has said that one of my creditors wants more information, which I have provided. My IP has given them 24 hours, so tomorrow may be the day of knowing! I ma feeling very sick and worried about this and wonder why one creditor has asked.

x
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