whatever you do don't pay out for another company to do your bankrupty, much cheaper to do it yourself. as you are so far into the iva, can you not get B&E to have another creditiors meeting to get payments reduced due to your change in circumstances.


Alex

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have been checking more things today and spoke to the inland revenue. They have agreed alittle breathing space, not much but enough for me to move forward. They are letting me pay an initial £500 only this month, but have to continue with the rest of the plan. However that is enabling me to orgainis...

problem being is that they do wish to wait for so long to get their payments, but its the fact that i have always had other debt on top of this. I have been paying approx £2,000 per month to my other creditors and now £6,000 to the revenue. With mortgage and bills on top of that I have had to get ov...

also im answer what happened to all the money. mostly on paying debts, also stamp duty on a house purchase last year, 13k ( more to the tax man). With my redemption in mortgage i have no equity though so if when brankrupt , creditors would get nothing so hoping that an iva is seriouly considered my ...

just to add. i am no longer in employment. totally self employed now, so now longer using up my lower rate of tax in other work. the stress of things is taking its toll on me. I am able to get an income of 9k per month, but know if this was sorted i could work easier and get over 10- 12k per month b...

Hi Melanie, ( yes its 6k not £6!!) I have had unsecured debt for a number of years. I started my business a few years ago to enable myself to pay off my debts. I was shocked how quick the business grew. Was worried about it not being sustained so remained in employment and this eat up all my lower r...

I am looking to enter an iva, have debts of over £150k. My main worry is my inland revenue debt, approx £75k. This just built up so suddenly as only started my business as a sole trader a few years ago. My tax returns are up to date. I was on a payment plan with the tax but they are now asking for o...