phonecall from blackhorse- confused

[scaredkez]

i have just received a call from blackhorse, one of my main creditors to ask what i was going to do as i hadn't paid them anything since June, advised them they rejected IVa and so therefore has left me no alternative other than petition for my own bankruptcy, but in the mean time i have set up a temporary DMP incase my circumstances work wise changes (which they will do should i get this new job) i asked her if she could give me any reason why that BH would have rejected the iva, she told me the only reason that she could see was that they would have wanted a minumum return of £86.28 per month based on my old payments whch were 433 per month (total debt 23000).
i don't understand how the iva payments are split up they had 26% of the vote and all the other debts were relatively small in comparison with that one, i am so confused as the final offer i went in with was 43p in the £ which was 618 per month, as i still haven't received any paperwork back from synergi i haven't got anything to look at to refer to, hope this isn't confusing but i am very confused
kerri

[coco]

Hi Kerri,

I would really suggest you try to talk to the IP, as 43p seems reasonable every time i have tried to speak to someone at Synergi or leave messages they never return the calls. Is it too late for you to try and change IP's and get a fast track IVA through to avoid Bankcrucy.

Tell them you are going on IVA TZ they might so shift and produce the documents you are asking for.

52 payments to go

[scaredkez]

hi coco i have the same problem when you phone the person in the team which is now yellow team,who i need to speak to is always busy and they never return calls, the last time i spoke to a man called stuart who was the one who informed me the iva had been rejected, wasn't at all nice and i had a huge row with him on the phone over the payments i had paid them, the last correspondence i sent registered so i know that they have it as i can check with the post office, i am just worried the creditors are going to move in on me now and start taking legal proceedings as they havent had a payment since june, i am sick to death of the whole thing, they are just adding to my stress at the minute, if you do manage to speak to someone they can't answer your questions as they didn't deal with the proposal, so fed up now, everytime i have a day off work i feel like i am chasing my tail, i am making every possible effort i can to get the ball rolling but lack of documents are letting me down, i don't know about a fast track iva if that is feasible i really couldn't afford the 618 a month synergi were really pushing it when they offered the 500.
kerri

[coco]

Before my creditors meeting i was always unsure whether it would go through etc. and synergi always assured me that they would not have taken the case on if they felt it would fail, my contact at synergi in the yellow team is Paul i have not had a lot to do with him at them moment. After my intial meeting and the IVA was rejected, we had to came up with the money ref the child care i asked if the money we were having to pay back i.e the 50% overtime could be used instead i was told no, when these people advertise (no more stress, no more phones calls) it seems like the best thing that could happen but it has'nt worked that way for me and i know my IVA will fail some time in the near future and worry is it all worth it and maybe i should have opted for BR as my house is only bricks and water and what should matter more is family. I dont think IVA is for everyone and if i had my time back i would have perhaps tried alot more in speaking to creditors than have gone through this.

I really feel for you at the moment i know that the creditors as becoming more difficult, when my second offer was presented i told Synergi that i could not afford any more than 43p and if Northern Rock did not accept that then they were to proceed with BR in which their return would have been 1p in the £. What a mess we are all in but we are just a few of many and knowing there is always someone on here to talk to helps me no end.

52 payments to go

[scaredkez]

i am annoyed with them as they kept syaing they didn't think it was going to be accepted because of NR, i feel they should have said this isn't going to work, i have had 10 calls today, 3 from same company,i wish i had contacted my creditors when i realised we were going to struggle, but when i contacted debt councillors it was like soneone putting a huge arm around me when i needed it, my other moan is on my proposal for the iva if the creditors didn't accept they would get a return of 17p in the £ in bankruptcy so either way they stand to get a good chunk back maybe thats why they refused and thought we can have the money now instead of 5yrs down the line when it could have failed anyway and the ip won't claim all the payments as their fees first. today i am feeling really down the worst in ages, not sleeping or eating properly again its 7 months on and i am no further forward other than deeper in debt.
regarding the house thats what i have to keep telling myself too, but we would have to move out of the area as there is nothing here rental wise, which means i move away from my parents who i do rely on for childcare, plus they are near me as my hubby works away, i think that is getting to me too as he is away a lot i feel i am taking all the reaponsibility of sorting this mess out, don't get me wrong he is very supportive but not here to help as much but he tends to leave everything to me as he always says you know what your doing, i wish i did or we wouldn't be in this mess.
sorry for moaning
kerri

[DebtDummy]

Kez and Coco, that's why I am so glad I found this site. There is always someone around regardless of the time of day to talk to, and it really does help to unwind with people who truly understand. Shame there is not a real chat room here. Imagine! Real chat just for debtors. If someone came on talking about they are 100% credit perfect and always make their payments on time, etc., they would get bounced off by a moderator (smile).

Kez and coco, you two have been through a very expensive and mind staggering experience. I was deceived, but not into making up front payments. Remain strong my sisters-in-debt. There are rays of light seen through the clouds, seek them as I shall.

We are all here for each other.





All I have left is my humour.

[coco]

I know what you mean as the same with my husband, i done everything all the phone calls and chasing as well as working full time and running the home, with no one to talk who understands, you can moan all day long Kerri i will listen,

52 payments to go

[DebtDummy]

Kez, it's okay to moan and be upset. People have not been honest with you.You are handling this pretty much alone because hubby is not present. The debt collectors are contacting you. You're not eating and sleeping as you should. Having said all of that YOU will get through it!
You must believe that every day because it is true. In the end you will be wiser and stronger for it and will be able to counsell your children when they are older on debt management.

You should read my moan/rant I posted this morning. I felt better after getting it all out. It's titled:Rantings of a woman who couldn't sleep or something like that. Do a search under DebtDummy you'll find it there. Get a cuppa, sit back and read it. You may feel better after reading it. You may feel like doing one yourself.

I find myself breaking down into tears several times a day. I am so tired sometimes from lack of sleep. Oh, and the headaches! My sister-in-debt I do indeed understand and so do all of us here. We are/have going/gone through it and we know how important it is to have that support. Gosh, many here tell each other things they don't even disclose to family.

Remember your little darlings need their mummy. Perservere, it will get better.

Take care

All I have left is my humour.

[scaredkez]

thanks you 2 it does help to get it off your chest, i have had butterflies all day, just know everything is going to start up in full force again, this morning if i had the court fee and it was possible to just walk into the court and say to the judge plese make me bankrupt i think i would have done it, some days i am all for going BR and others its just wait and see whats out there but certainly can't go on like this much longer.
thanks DD i will go and have a look at what you wrote this morning.
the kids i know are my main priority i just wish i could be fun mum again, its not fair on them, going to make that cuppa and read your post DD, you hang in there too coco, i hope you can get somewhere soon with your iva.
kerri.

[MelanieGiles]

Dear All!

I'm so glad our site is helpful to you in a supportive way, I only wish we could wave a magic wand and get all IVA's accepted for you.

Black Horse have a policy that they do not accept IVA's if the debt is greater than £7,500 or was taken out within 12 months of the creditors meeting. Was this the case in your case Scaredkez. If so, I am amazed that the IP put a case forward for you in the first place.

Keep posting and supporting each other. It is great to have people to talk to who have shared your problems.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
View my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[scaredkez]

hi melanie thanks for your support, blackhorse debt is 23,000 and it is under 12 months it was a consolidation loan for a loan i had with them and a couple of other creditors but couldn't clear all the debt with it, i had been a customer with them for over 2 years and have letters off them telling me what a wonderful customer i am how ironic, it was their suggestion that i took out this loan to try and put some of my affairs in order. when i asked synergi about BH they said they never usually have any problems with them!!! they were more worried about northern rock.
kerri

[Dominic]

you are in my thought all of you, this Synergi lot sound like they need a good kicking

[MAY2006]

Everytime I read your posts Kerri I feel so angry for you, would it be possible for you to report Synergi to the IVA governing body if there is one and maybe get your money back?
I read your feedback on IVA TV I hope that by reading your posts its stops anyone else from using this incompetant set of sharks that prey on people in trouble.

[freelili]

I agree with you may2006, How can these people get away with this and nothing is done about them. I am angry for them too. You must be very scared and stressed I really feel for you so much. I also agree with Dominic and hope Synergi crash and burn. They take money from vunerable, desperate people, who feel guilty about debt. They appear to know exactly what they are doing. Surely there should be some professional standard of practice, code of conduct, and accountability. They have gained financially to increase and prolong this family suffering and I feel it is totally wrong. Why cant the decent IP'S stand together and oust the b........ds. now i am ranting but it makes me so mad. I hope you can report them Kerri. I hope you can find some peace of mind soon, thinking of you always.

Good luck to both of you

LILY

[scaredkez]

hi everyone and thanks i am going to report them i am just waiting for a reply off them from a letter i sent so i have something in black and white when i do so, its been real bad to day with creditors phoning some are the same company and i keep saying spoke to you less than 1/2 hr ago nothings changed, barclaycard have informed us they are now selling the debt on if we didn't agree to pay £60 a month which was to include insurance incase we couldn't work!!!! all i can do is advise them i am doing a temporary DMP incase my circumstances change over the next few weeks otherwise its BR, the man from mercers wanted to know did we have the fees for BR if so then we could afford to pay the £60 as if!!
kerri