Am i doing right if in the meantime I apply for a variation of the monthly instalments of the judgment? Apparently I can do so within the next 16 days filling an N245 form. I mean I have to explain to the judge that according my income and expenditure I cannot efford to pay £314.39 just for RBS debt...

Melanie,
Would be RBS to decide or their solicitor (Irwin and Mitchel) for them? Also if they will put a charging order on the property would I still be able to go for an IVA with the rest of the creditors?

Sam

I have just recall an advert of company that they buying your house and they rent it back to you and up to status, with the option for you to buy it back and stay there the first few month rent free!! You might want to look a little deeper onto this. I do not know any companies but I would imagine i...

You have to be strong! My mum always used to tell me that when you feel that you have touched the bottom there is only one way: up!! I am not an advisor unfortunately, I am someone like you tha at them moment the only option is crying. But I believe in better things, I have to otherwise I would go c...

I just wanted to make you feel less lonely at 4am in the morning and cannot sleep because debts. I am going through hard time myself. I can only tell you that if it is all unsecured debts that they bother you you have few option and if this is the first month you missed the payments do not worry you...

Yes it is on the market. Unfortunately it is not a big business so I will not realize lots of money from the sale. Like I have said if I will be lucky it will be between 15/20k. But I cannot efford to repay 100p per £ anyway so I guess I have not got much hope to have my IVA accepted.

Sam

Melanie,
I wish I had cash immediately available but I have not, unless I sell the shop but that it is already down as soon as I sell the money are theirs. Would that not be consider as cash availability?

Sam

I understand but what would it be an offer that will make them think then?

Sam

Thanks for your help. I will keep posting how I am getting on so I might be able to help others. Can I ask you one more question: Based on what I previously asked, how much would RBS dicision to gohead with the charging order or agree to an IVA be influenced by the abilities of the IP?

Sam

I have already sent an e-mail to my case researcher with what we have been talking about. As it ever happend to you similar cases to mine where the creditor choose the IVA instead of the charging order?

Sam

I have not probably explain that well. The IVA is in joint name: mine and my partner. The house is in both name but the RBS debt is only on my name. £250 is the reasonable amount that I feel we can effort confortably for the next 5 years even if events will be against us. I will probably be able to ...

Ok, I was going to propose £250 a month for first 48 months, last 12 months £380. I have also have a business which is for sale and once sold I will be left between 15/20k and I offer them that. I know the montlhy offer is not very high. If you think that this is not enough how much would you think ...

So what do you think is best for me to do. Mccambridge duffy seems a good company and i needed the past 2/3 weeks to put documentation together. Evenctually I cannot agree most that time is not on my side but is there any chance that I can get out this mess?


Sam

My property is worthed around 170k. In case of sale or remortgage the mortgage company want 156k.

Sam

I just received today the judgment for claimant from the court. It says that the defendant did not accept my monthly offer of £40 and I should pay instead monthly instalments of £314.39. First instalment due the 04/10. I am assuming that they will gohead with the charging order if I wont pay the ins...