Search found 18 matches

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by Martin.30
Wed Dec 11, 2013 4:02 pm
Forum: Ask IVA Forum and Industry experts
Topic: If my IVA fails can I stop bankruptcy proceedings by paying all debts in full ?
Replies: 3
Views: 1148

If my IVA fails and my supervisor pushes for bankruptcy, can I stop this by paying all debts in full ?
by Martin.30
Sun Dec 08, 2013 1:32 pm
Forum: Ask IVA Forum and Industry experts
Topic: I am wondering how full and final settlements work
Replies: 9
Views: 1364

I am wondering how full and final settlements work - I am just into year 3 of IVA I owed £28000 and monthly payment is £165. How much is reasonable to offer and would this this have to include fees ? I'm In a shared ownership property with equity and am going go ask the HOUSING ASSOCIATION to buy ...
by Martin.30
Wed Sep 25, 2013 7:03 pm
Forum: Ask IVA Forum and Industry experts
Topic: Is it possible to fail an IVA and propose another one to include credit accrued during the IVA ?
Replies: 9
Views: 1632

I Have been in it for 2 years .
Bankruptcy is my main concern I can't lose my home .
Two kids , on my own. One child disabled.
It was just one thing after a run of bad luck mainly mainly car and washing machine etc . I am very foolish
by Martin.30
Wed Sep 25, 2013 11:10 am
Forum: Ask IVA Forum and Industry experts
Topic: Is it possible to fail an IVA and propose another one to include credit accrued during the IVA ?
Replies: 9
Views: 1632

I wondered how likely it was that they would pursue this route ? The shared ownership house I am in has about 28K equity. ? obviously the fees would have to come out of that etc m I just need to know bankruptcy isn't an option option before I speak to IP. So stressed and worried
by Martin.30
Wed Sep 25, 2013 8:50 am
Forum: Ask IVA Forum and Industry experts
Topic: Is it possible to fail an IVA and propose another one to include credit accrued during the IVA ?
Replies: 9
Views: 1632

I Have been in it for 2 years .
Bankruptcy is my main concern I can't lose my home .
Two kids , on my own. One child disabled.
It was just one thing after a run of bad luck mainly mainly car and washing machine etc . I am very foolish
by Martin.30
Tue Sep 24, 2013 9:23 pm
Forum: Ask IVA Forum and Industry experts
Topic: breach
Replies: 15
Views: 3153

Have had a chat with OP but been very very vague they have said it would be the SUPERVISOR that could push for bankruptcy in the event of a breach. Also supervisor can do this if the iva fails
So now I am more worried! Any thoughts?
by Martin.30
Sat Sep 21, 2013 6:47 pm
Forum: Ask IVA Forum and Industry experts
Topic: breach
Replies: 15
Views: 3153

i think its the bankruptcy thing that scares me the most
by Martin.30
Sat Sep 21, 2013 6:28 pm
Forum: Ask IVA Forum and Industry experts
Topic: breach
Replies: 15
Views: 3153

i am just going into the third year in november.
i wasnt aware that i could fail it by myself?
by Martin.30
Sat Sep 21, 2013 6:21 pm
Forum: Ask IVA Forum and Industry experts
Topic: breach
Replies: 15
Views: 3153

they are payday loans charging extortionate amounts of interest i would need a long time to pay off whats owed. i doubt the interest would stop either.
by Martin.30
Sat Sep 21, 2013 6:09 pm
Forum: Ask IVA Forum and Industry experts
Topic: breach
Replies: 15
Views: 3153

Thanks people. phone call to be made first thing monday morning.
will update as soon as i can
by Martin.30
Sat Sep 21, 2013 5:53 pm
Forum: Ask IVA Forum and Industry experts
Topic: breach
Replies: 15
Views: 3153

im not managing to pay them thats the thing im in a right pickle and i have a doorstep loan (provident) that i cant keep up the payments on either.
i am with Bridgestones they have been brilliant so far im just scared and also really cross with my self :(
by Martin.30
Sat Sep 21, 2013 5:36 pm
Forum: Ask IVA Forum and Industry experts
Topic: breach
Replies: 15
Views: 3153

I have around £30000 equity in a shared ownership property joint owned with housing association. the debt figure in the iva was £28000 and the additional debt is £6000. my worry is that they will push for it and i will lose my home. on the plus side i have an extra income in thye form of child maint...
by Martin.30
Sat Sep 21, 2013 5:21 pm
Forum: Ask IVA Forum and Industry experts
Topic: breach
Replies: 15
Views: 3153

can any of the experts on here tell me what the likelihood is of creditors making me bankrupt following a breach of iva? The breach for taking out more credit during an iva :( i just want to know the likelihood of this happening or would they consider an esxtension? i havnt spoken to my IP yet i wan...
by Martin.30
Wed Sep 18, 2013 6:54 pm
Forum: Ask IVA Forum and Industry experts
Topic: Advice please on debt accumulated while in an IVA
Replies: 4
Views: 1516

yes have accrued additional debts am so worried my iva will fail and i will be made bankrupt
by Martin.30
Wed Sep 18, 2013 6:49 pm
Forum: Ask IVA Forum and Industry experts
Topic: i have made the huge mistake of accruing additional credit in an IVA. Don't know what to do.
Replies: 10
Views: 1897

thanks so much for your help and understanding
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