am new to forums but not to the IVA, three years in and two to go!!!
i am have been with Blair Endesby for the last three and phoned up today to be told they are now grant thornton, this was worrying to me as i have found the whole process a worry!!
will this effect my review date this year, bank account etc ?
also i have no assests, would i better going vol bankrupt or sticking for the last two years
many thanks in advance for everyones replies (if i get any?)
[:)]
Hi Jon
Welcome to the forum. You shouldnt have anything to worry about as Grant Thornton are a very good company. Your IVA should continue on as normal but if you have any doubts, dont hesitate to speak to GT.
You shouldn't worry - Grant Thornton will do your reviews as before and if you need to change anything they will let you know. Might be worth a quick phonecall just to set your mind at rest.
If you go bankrupt now you would most likely be required to make payments (IPA or IPO) of your full disposable income for up to three years, which could be more than you are paying at the moment and for longer than your remaining IVA payments. If you're struggling with payments I'd inform your IP and ask him to propose a variation instead- he will inform you if bankruptcy is genuinely your best option.
You have absolutely nothing to worry about, your IVA will remain the same as will your direct debits & reviews.
I am also with grant thorton now & was with BE, I'm also 3 years in with just 2 years to go.
I've just had my review & it was due when the switch over happened & GT did my review & all went well.
I also have no assets to protect, & if you feel your IVA is going well, keep at it!
Grant thornton come highly recommended on the forum so you will be fine.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
Hiya jon
there are lots of posters here who have also had their iva'a taken over by grant thornton, i believe things should continue to run smoothly under the same terms you originally agreed.
as for bankruptsy, with only two years left to go on your iva you will probably be better off continuing with it, in bankruptsy you still may have to pay an income payment order for three years, and the allowances given for expenditure are not as generous as they are in an iva.
kat
IVA accepted 6th May 2011, Full and Final accepted 17th April 2012.
You'll be fine. I think they have taken over such a large portfolio that it is taking time to let all the BE clients know.
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
