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 allowed to carry on trading but from now on I will be taking over the money side and keep him in order.
All I have to do now is to sort out my IVA with Grant Thornton. I will be ringing them tomorrow to try and sort out new payments from January.
So glad it went ok Seahorse. That must be a weight off both of your minds.
Good luck with sorting out your IVA.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
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 GT be paid to his creditors or is this left in the pot to pay out to mine?
I can eat now [:)] (I haven't been able to feel hungry for about a week, now I am making up for it big time!!!!)
I think that any monies held by GT will probably have gone towards their fees and possibly some to the creditors.
Good luck with sorting out a full and final, I hope you can get one accepted.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Your IP will now need to separate out your estates and will distribute the monies still held in your husband's case to his creditors - including any joint debts. The joint creditors will still be entitled to claim for the full level of their existing debt in your IVA moving forward.
