Hi there Have just been in touch with my IP and my variation is just waiting to be drafted as they have a hugh backlog!! It just seems a pain that there has to be another meeting when my creditors will get the same return!!(my husband and I both owed the approximately £40,000 and his debts are gone ...

Hi there, As some may know, we are in our fourth year of our joint IVA but last December my husband declared himself bankrupt because of tax bills that he could not pay. I am proposing to continue my IVA by offering a reduced contribution for my proportion of the debt. I haven't heard anything from ...

Many thanks again. I can't tell you how much better we feel now. It's not as bad as you imagine!!! I am going to contact GT tomorrow and see if there is any way that I can make a F&F settlement offer with the money in our pot! Now that my Husband is bankrupt, will a proportion of the money held by G...

Hi all Just a quick note to say a big thank you for all your answers to my many queries a couple of weeks back. My Hubbie went bankrupt this morning and we were both really nervous but everyone at the court was really helpful and the judge was a lovely man. He has spoken to the OR today and he is al...

Hi Melanie, I made a mistake with the time of the IVA, we have just started our fourth year this August. Do you think, bearing this in mind that I could still try for a full and final settlement on the funds received to date. Many thanks for all your good wishes....we were sat last night filling out...

Dear all, I just wanted to say a big thank you for all your good luck. It has been a very stressful and worrying few days. Will keep you informed of our progress.

Once again, many thanks.

Jane x

Yes he is currently registered at the moment. It doesn't really matter whether he re-registers or not as his turnover is not enough to be compulsary. Also, debt collectors are not approaching him for payment, does he advise them that he will go bankrupt on Monday or does he keep them happy with smal...

Hello all and thank you so much for your valued replies. Thank you, that is a bit clearer. I have made a deal with him that from Monday I will be dealing with all his accounts and making allowances for tax and vat payments. Does anyone know if you can still be registered for VAT when you are an undi...

Bit of a sticky one this, but I will try to keep it simple. My husband and I have been in an IVA for just over four years and all was going well until my husband set up his own business and accrued Inland Revenue debts which he cannot pay. After seeking advice this morning, he has booked a bankrupt ...

Many thanks for your replys. I will take your advice and talk to IP.

Is it possible to separate a joint IVA? My husband and I have a joint IVA which we are in the 4th year of paying. We are struggling with the payments and he wants to go bankrupt but I would like to keep paying my IVA so that I can keep my bank account etc. This would also bring our payments down. Ho...

Thanks for that Michael. Would it be the profit minus the tax to be paid. I know that ont he I&E I put down my net earnings that I take home and I'm sure that this will be the same. Also apart from what he takes as drawings, everything is put into the next job until he gets paid which can be anythin...

Hello all Grant Thornton have recently taken over our IVA which is in its 4th year from Accuma. When we received their letter advising us of this, it states that nothing will change and we just keep paying the same amount with the same conditions etc etc. With Accuma, we were never required to send ...

My husband and I have been in an IVA for nearly three years and one of his debtors, HSBC didn't vote at the meeting and as far as I am aware has not claimed any of the dividends so far. After hearing nothing from them since 2006, they rang my husband up and was demanding payment (and they were very ...

Hi there Just to let you know that my husband was in the exact same position as you and didn't have the funds to pay for the privilage of having a business account. He used his Halifax cash account for about three months and then just made appointments to see the small business managers of all the h...