Any clients entering an IVA are fully counselled on the merits and pitfalls of IVAs and bankruptcy. I am sure Melanie and the others will agree that as an industry we do not 'missell' IVAs but provide as much information and advice as possible. If during the IVA there is a change of circumstances and a client is obliged to petition their IP will provide further free advice and assistance with any bankruptcy queries.
The bulk of debtors in IVAs would be financially better off in bankruptcy but most wish to return some money to creditors within a regulated timeframe whilst avoiding the perceived stygma of bankruptcy. If they think that they were somehow mislead by their IP or their staff they should speak directly to the IP and would therefore have no need of these 'bankruptcy advisory firms'.
Well I'm one of those posters now looking at bankruptcy and I would say that anybody looking at this option would be well advised to steer clear of these types of companies.
Bankruptcy is relativly easy to do, with the govermant even supplying a web site where you can fill in the relevant forms with usefull help notes for each section and of course for anything you are not too sure about there are the professionals here at the forum or the goverment help line, where they will give you direct answers to specific questions (they won't give you advice on whether you should go bankrupt or not)
djones I do agree appears not be a genuine poster.
Fortunately we can put people on the right track on this forum.
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
my motto is "if its free its for me" and if I want to go BR then the free option wins everytime. Thanks djones44 for your advice but no thanks its not for me so please cross me off your mailing list.
IVA.co.uk The best place for debt advice. Thanks to Melanie Giles, David Mond, David and J (Elv5) Kallis, Dand, Skippy, Andy Davie
I can confirm everything i wrote in my post is true. They did tell me they are not solicotors, and were very clear on this, and told me they were legal advisors. They told me that IVA are a good thing, but only for people who need them and who fit the criteria. I wasnt a home owner, i had no major assets, so why exacly was i paying so much money to protect something i did not have, i kicked myself when i realised.
At the end of the day, Im not here to convert anybody, or try to get people off there IVA's, (notice, im not the one with banners in my signature trying to get people on board), im just telling you how it worked out for me, and that it was the best thing i could of done, and the company acted in a professional manner.
If anybody needs any more infomation, please feel free to email me at *Email addresses not allowed* and i will try answer any questions you might have, and my experiences.
Kind regards.
Denis
Last edited by djones44 on Wed Jun 10, 2009 6:05 pm, edited 1 time in total.
The people who have things in their signatures are professionals who post on here and are allowed to do this. No advertising is allowed and no touting for business.
I'm afraid that you will find the posters on here very cynical and we will never recommend or condone a company who tells someone their IVA has been missold and tries to charge for bankruptcy.
You can do it yourself.
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
What do you mean by"..............trying to get people on board"> I take exception to that. I went to Melanie Giles who is a lady of the highest integrity - she DID NOT try to sell me anything, explained all the options in great detail and left it to me to make a decision. When I made it, she helped me through every step of the way, on and off forum, proposed my IVA which was difficult and unusal and got it through at the first attempt when at least six other companes said "no chance" - so please do not tar her with your rather broad brush.
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 am not disagreeing with your underlying principles as I have no assets to protect at all only self pride and reduced opportunities in the future. My point is if Tescos were giving away free potatoes would you go to asda and buy them just because asda told you too? I think not. As long as you are happy with your own situation then that is good but I still say "its not for me".
IVA.co.uk The best place for debt advice. Thanks to Melanie Giles, David Mond, David and J (Elv5) Kallis, Dand, Skippy, Andy Davie
However, I am always very sceptical of posters who sing the praises of these firms - you will never convince me that they are genuine cases.
They don't like us telling people to ignore them.
BR can be done yourself, at a vastly reduced cost than these firms charge.
We are always here to help with any questions as well.
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
Well, if they are legit then why have they not contacted me since I paid the first instalment apart from sending me a "letter of authorisation" through the post with no accompanying letter and in a plain white envelope. It also didn't have a Bournemouth postmark on it, it was a local postmark. The letter had imprints on it where other letters had been typed and it didn't have a return envelope or further instructions. Not the way most law firms/advisors behave, I wouldn't imagine. All very strange. You would think they would have asked me why I hadn't returned it yet if they were legit.
