Made my decision !! IVA/BR

[andymac]

Dear All:

I have been using this forum for only about 1 week, but I have found it an amazing resource and source of ideas. Many thanks to you all.

My dilemma was do I go for BR or a full and final IVA. I have over 150k of unsecured debt and no assets, but I am a company Director.

I would need to borrow frommy parents around 45k to finance the full & final route, and I have decided that, to go through all of the hassle and turmoil of the IVA, only to then come out theother end with 45k of further debt to pay back, is a non starter. If I have to go through turmoil, I might as well clear all of the debts via the BR route.

Yes the OR will dig, but I am certain there are few "nastys" in my history. I will resign from the directorship, and simply retake it up again once discharged.

If anyone is interested, I will post regular updates as to my prgress.

Good luck to everyone.

[mikebdomain]

Great that you have come to a decision, good luck with the rest of it, yes please do keep us informed of how you get on

FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf

[iva.com]

Hi andymac,

Yes, please post updates on your progress. I hope that it all goes well.

Kind regards,
Terry Balfour
IVA.com

IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp

[iva experts]

Hello Andymac,

Im glad that you have found the forum useful and have been able to make a decision to end your debt difficulties.

Best of Luck with your Bankruptcy.

Best Regards. IVA Experts

[kandh]

Nothing really to add to others comments apart from good luck. I have followed your posts and it was obviously not an easy decision to go BR, but you have put a lot of thought into it so good luck with the whole process.

[iva_squirrel]

Hi andymac,

Good luck with your banckruptcy. Keep posting and let us know how you are getting on.

Regards,
Michelle P.

[Adam Davies]

Hi
Good luck to you and I will certainly read with interest your future posts.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[Oliver]

All the best with the bankruptcy Andy.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[aguise]

Same from me andymacall the best.
Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[Soulgrowth]

Rooting for your Andymac ... keep us informed

Debbie

www.babynamings.co.uk

www.soulgrowth.co.uk

[ray_a]

Hi Andy Mac

Given that you are going through bankruptcy you will need to get your new directors in place so that your company can keep going!

Don't forget bank mandates will be changed! The company banks might require a credit check to be done!

[andymac]

Thanks ray.

I resigned this afternoon!

Mandates changing too!

its a wierd feeling to be moving on with this, after having it hanging over my head for sooooo long.

[ray_a]

Well good luck and keep in touch!

[michelle.l]

Good luck with it all Andy Mac x

[katy]

Good luck Andy, hope it all goes well for you.