Lowest ebb.....

[Flush]

A couple of weeks ago, things got so bad that we decided that we had to do something. We have started the IVA process however something cropped up which has knocked me for six and its down to all my own stupidity.

I borrowed a sum of money from my old Dad to buy the wife a new car back in March. We are looking to sell the car at the moment, however, and thinking about it it should have been obvious to me, that the car is an asset and I cannot sell it and give my Dad the money back. He will have to become a creditor and vote in the IVA. Usually a good thing. Well my Dad is elderly and is the sole carer for my mum who has had 2 strokes. As far as he is concerned, we are a happy family, no debts and a small mortgage. I can never forgive myself if he has to find out the truth. He has enough worry on his plate without finding out what a complete and utter balls I have made of my life.

I now feel 100 time worse than the deepest sleepless nights of worry I had over the debts.

Sorry to pour out....

[moretolife]

flush...welcome to the forum....glad you posted .....this is the place to pour it all out..oen of the great things about this place is we can be honest and let our feelings out....

lots of encouragement to you

[Moneystinks]

Hi Flush, Try not too beat yourself up too much. An Expert will be along shortly to offer you some advice.

Welcome to the forum and keep posting. XX

[MelanieGiles]

It might be possible to argue that the car actually belongs to your father on the grounds that he paid for it. How much is it worth?

[Flush]

Melanie,
Value approx 8.5k.. loan 5k. Tina is currently helping us out.

Spent the worst night of my life last night worrying about it. I really do feel at the end of the line.

[james.c]

I would not bother informing your dad.

In my IVA I owed my mother money, i told her about the IVA, but part of the IVA been accpeted was that money owed to my mother had to be sorted out after the 5 years in an IVA so all the other creditors could get maximum back, if i had not told my mother, she would of never found out.

[MelanieGiles]

I think it is better that we discuss this off-line Flush. I will get your details from Tina and we can have a chat directly.

[Flush]

I'm sure we will be speaking during the next few weeks Melanie. I was just pouring out my heart in this post. Just cant bear to think that I;ve dragged my old Dad onto my self made mess.

[Kazzy E]

Hi Flush, I know why you are feeling so guilty, but please don't beat yourself up. You will get the best possible advice from Melanie, she's a star. Try not to worry yourself about it further until you have all the facts on how you can be helped through this. I know its easy for me to say, but things may not be as bad as you are thinking right now. Hope you find a solution soon. Keep posting and take care. Kazzy x

[Soulgrowth]

Good luck Flush ... I'm sure that you will be able to sort something out ... keep posting and sharing things with us as you are amongst friends here [:)]

Debbie