www.iva.co.uk

Hi
my creditors meeting today has been postponed untill next week.
The reason for this is my husband and i were doing a joint iva and my husbands largest creditor black horse has rejected it.
The ip has said she will see what she can do but as the loan was under 1 year she does not think they will change thier mind meaning mine wont go through either.
Anyone had any expierence with black horse??

Hi stressed. I cant answer about blackhorse but just wanted to wish you well and I hope it can be sorted for you both. Must be really stressfull for you but hang in there ther will be a way forward rgardless and we are all here for support.

Ang x

Stressed, that is a bummer.

The only dealings I've had with them is with a secured loan, and we had no trouble with them.

I hope it can be sorted for you.

Hi
I feel absolutly gutted and close to tears had all the worrying this morning to find out its prob gonna be a no.
Im terrified our only option will be to go bankrupt and then lose the house.

Would it not be possible for you to do a separate IVA and your husband do a DMP, at least temporarily while you sort yourselves out?

Im not sure how that works think i only had enough money to service mine with husbands money together x

as kallis3 says a possible solution would be you to do the iva and a dmp for hubby in the short term and maybe represent hubbys later on or possibly when the siva comes into use.
Poor thing I can well understand how frustrating and upsetting this is for you. Hang in there. Your Ip should advise as well on possible solutions.

Ang xx

You could both do a DMP in the short term.

Your IP will be able to tell you what your options are after next weeks meeting.

Thanks for your replys i was sitting in garden looking at the sky thinking thats it no way out now.
I have to call her next wednesday and see what happened so will let you all know how it goes. x

There is always a way forward try to be positive and all the best for wednesday. Keep us up to date.

Ang x

To avoid the house issue, maybe a joint DMP in the short term is indeed the answer. There is nothing, as others have said, to stop you re-presenting your proposals later on.

Good luck and regards.

Hi
How long do you have to wait untill you try an iva again ????
sharon xx

Not sure if there is a specific time. I was told that if mine had failed, they would try again in 6 months.

Hey Sharon, I have only just seen this thread, I'm so very sorry. There is some hope there so I wish you all the luck in the world for next week. Thinking of you. X

hi sharon!

just wanted to say i really hope your ip can get black horse to change their minds but like others have said maybe you and hubby could do a dmp if not! then try again for iva again in a few months!

keep posting on here as we are all here to support you, let us know how it goes!

love barb x