Hi everyone - hope everyone had a stress free christmas and brilliant new year. Just checking if anyone has any info on how bancruptcy will affect my employemnt with the Local Authority... I don't work in a department relating to finances or anything like that - i actually work in the hosuing and ho...

there is around £87 000 left owing on the mortgage - the market valuation was around £98 000 before the recent slump in the market - we were looking to re-mortgage a few months ago and had a meeting for a full and final settlement - this was rejected at a creditors meeting so we put everyting on hol...

tell me about it. As a result we are now stressing about what to do next - if they do insist on full payment of all bonuses and overtime and we are unable to do this would that constitute 'failure' and then we can look to pursue bancrupcy? It really was the last thing that I personally wanted to loo...

Me and my partner are currently in an IVA. Since the IVA began over 2 years ago our income has increased slighlty but we are still struggling on a day to day basis - the property that we live in (its a mortgaged) is costing us a fortune in repair problems and we have no flexibility in our income to ...

to be honest we just went with what we were advised - we were concerned that we couldn't meet the payments as they were then due to the substantial drop in income that my partner experienced. Our 'caseworker' at the time advised that as bonuses weren't guaranteed (the are performance related) then a...

Thhe IVA was agred initially in October 2006 and the documenst posted for us to sign are the terms that were added to the variation in May 2007 when my partner changed Jobs - like the reduction in payment, and the fact that they state that my partner should pay all bonuses into the IVA - despite bei...

Hi Melanie - The documents that they asked us to sign appear to be us agreeing to the variations - think thatthey must have forgot to ask us to sign them initially. Do you think that we should sign and return these? The comapny appear to be very on the ball regarding some things and very inconistant...

I'm really not sure what to do - I am going to email my IP and fullyexplian the whole situation - at this point I feel that Bancruptcy is the only way forward - although my IP may have other suggestions...

Thanks for all the support - this site really is a god send!

x

Thanks for the advice Andy. I know that you are right in that we need to speak to the IP to seek a way forward - however I am reluctant to do so as in the past they have not been understanding at all - even down to being able to find the money to undertake essential repairs. I regret ever entering i...

Thankyou so much. I have found this website by accident and it has helped no end just knowing that I am not the only one in this situation. One of ther terms of my IVA should have been that I am bound to feel alone and guilty for the full 5 year term....

Hope someone is able to offer advice on my messy situation... my partner and I entered into an IVA 2 years ago - we are due for our annual review and i'm very concerned. our IVA was reduced due to my partner changing his job and salary reducing. we have been struggling really since the change of job...