IVA Approved - Glad but some mixed feelings

[jeeny123]

i would like to appreciate you for sharing such a great info with us

[johntimo]

looking forward to a debt free future.






__________________
Link deleted

[Tina Shortland]

Hi Hubert - your thread has come back up again following johntimo's comment (best wishes john for your debtfree future - it really is a reality!).

I just wanted to check in and see if you are feeling better now after a couple of weeks have passed since you posted. As Melanie says, we are all here to support you on the forum and for our own clients, to remind you that our support off the forum is not limited to normal office hours (just like this forum!). Melanie and I are pretty much at one with our phones so never worry about needing to contact us if you need something or some reassurance.

You're on the start of a big journey with a great ending and we're all here to travel it with you

[kev59]

great post.
you are with a great company. I know that first hand. lost my job after going into my iva.
but my ip help find a way forward for me.
if at any time you need them just phone or email you will get a fast reply.

[possiblerecordbreaker]

Hi Hubert,

I do not want to cause you dispair but I would like to share my experience with you.

My Full and Final IVA was approved two years ago and payment made in full 14 months ago yet I still have not received my completion statement and every day I wait tentertively for the postman, only to be dissapointed yet again.

My Full and Final IVA cost thousands over going bankrupt but if I had to do it all again I would definitely go bankrupt.

My situation was actually caused by fraud and the person who defrauded me actually declaring bankruptcy himself. Up until this time I had always had an excellent credit rating and I fought for a number of years to retain that despite losing everything to this fraudster.

What really angers me is the fraudster managed to retain his £300,000.00 home, his Mercedes Benz with private registration number yet was released from his bankruptcy after just a year, free from any future worry. I have taken what I thought was the honourable route and at least try and pay my creditors something but the stress and worry this has caused since has not been worth it.

The delays with my IVA are said to be due to the banks miselling PPI but I have never had any loans with PPI. Nonetheless my IVA will not be closed until the problems with the banks miselling IVA have been sorted and I am faced with a daily living hell..... if your IVA is costing you a lot of money like mine has, go bankrupt and save the money and stress involved with seeing an IVA through to completion.

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by hubert

Hi everyone.

My IVA was approved yesterday which was a relief and I'm glad that the count-down has started to debt-freedom.

I wanted to share my feelings on here and see if anyone has experienced the same sort of thing.

I had excellent advice from Melanie Giles and her team and I am glad of that. They have been supportive and helpful all the way through. I would recommend them without hesitation.

I have a sense of fear about the whole thing. Fear that I've made the wrong decision, even though I've seen it in black-and-white that it's the best solution for me.

I always paid my creditors before starting the process. I was living largely on credit cards because I had so little disposable income left. I carried on like that for years, in a state of denial perhaps or blissful ignorance, shifting balances, re-mortgaging etc...

I fear people finding out I'm in an IVA. I feel like I've failed somehow and that people would look down on me like I've brought it upon myself and I'm a fool to have gotten over his head in debt.

I have brought it upon myself. I did make mistakes and spend unwisely. With me it was years of mostly small things building up, re-mortgaging to clear it and starting all over again. How I wish I had a time machine...

I see people on here who have been through devastating break-ups, bereavements, job-losses and other things completely out of their control. I feel that they have legitimate reason to be in this situation whereas I have just made mistakes and bad decisions and allowed this to creep up on me.

It was only when I started monitoring my total debt month by month I realised I was in trouble and needed help. I think I knew it before, but didn't want to admit it. I didn't scrutinise it before probably because I didn't want to know the answer.

Sorry to ramble, but I feel better for getting it off my chest. I would like to hear from anyone who has been through similar thoughts and feelings.