Hi Buddy. I know I got off lightly but I managed to get just over 25p in the £ accepted by mainly credit card companys like MBNA and banks loans like HSBC. This was on a 73K total debt with a repayment of £503 p/m. Unfortunatley Im failing because I cant keep up the repayments. My wife isnt working ...

We have not been able to keep up with the payments set at £503. Over 5 years, based on an original debt of £73K. My wife has had back problems. (2 slipped disks just after she gave birth some 3 years ago to our second child)The doctor has told her to sit for too long but she is a driving instructer ...

The redemption on my Mortgage is aprox 124K and the current value from the estate agents (last 6 weeks)is 135K max. We offered 11k in way of a third party offer to buy out my interest plus a little extra as an incentive but it was rejected at the creditors meeting. We have been using Accuma based in...

Hi people. Can anyone help here. In bamkruptcy does a trustee have to accept an offer from a third party to but out the interest in your property if one is made, or can they just sit tight and wait until the property prices rise and ask for an incresed offer based on the valuation or sell it from un...

Hi thanks for the infomation. I will be contacting the IP today Monday. I will let you know what she has said. One other question. Does the trustee in bankruptcy have to accept the offer of a third party to buy out our interest in the property, or can the trustee hold on to sell the property for a h...

Hi Guys and Gals. Im in an IVA which is failing as we cant meet our repayments. We are in the first 18months of the agreement. It is a joint IVA with my wife. We have asked for a variation in temrs with our IVA practitioner by way of a third party raising the interest in our property. This is aprox ...