I've got emails between the administrators and all directors involved that state they had the keys and were chasing Lombard up. Will that be enough do you think?

Hi, I'm slooowly getting my way through getting my IVA sorted, but I've got a problem with one of my creditors. Basically, I was director of a company that went under, but amongst my debt I had personal guarantees on two vehicles with Lombard. Basic situation is that total value of the agreements wa...

Many thanks for your advice Melanie. I'll come back with feedback as soon as I hear anything.

To be honest, I've not mentioned my brother's (potential) offer to the IP. It's only really come up in the last few days. The IVA is/was going to work out at £490 per month or so.

The amount I owe is pretty much bang on £80k.

Ahhhhhhhhaaaa!!! Never knew about those. So am I right in thinking that I make no contributions to the IVA, but I agree to make the agreed settlement within 12 months via my brother? Would it affect my p/£ settlement figure? At the minute, I'm all set for 26p/£, and if I was to run a contributions b...

Thanks for the reply.

Could you please elaborate on your first paragraph? What is a full and final settlement IVA? I've not come across that before.

As for the bonus, yes, it is more or less confirmed. He puts it at a 95% certainty, the lucky git!

Thanks

Hi, I'm imminently about to begin an IVA that will total about £30k (including fees etc). At the minute, it's the only option for me. My family aren't happy with it, but realise it's all I can do right now. However, my brother is in a position where he may be getting a bonus of £50k in about Septemb...

hi,

unfortunately, my dad was the only other guarantour and he has gone bankrupt.

I didn't realise that IVA fees were so large! I'm in the wrong business working in IT [:)]

Thanks for clearing that up. Looks like I'll have to go and do some more sums... Fingers crossed, I'll get there in the end!

Thanks for the reply Melanie. On the contrary, the firms I have spoken to have agreed that my disposable income is what I say it is, but that I need to find more in order to hit the £450 per month 25p in the £ barrier. That confused the bejeesus out of me. 450 x 4 x 60 isn't £80k. I don't mind payin...

Hi, I've recently landed myself in about £80k's worth of debt. £15k of it was my own doing, £65k of it was down to business finance I personally guaranteed while working for my dad's company, which went under in the Summer. Obviously, when the company went under, my job went with it. I've only recen...