Rather than drag my old thread on I'll start afresh.
If I was to start the process of applying for an IVA, how quickly do you think a proposal could be in place, voted on and agreed?
I understand that I should be aware of what I am signing up for and that it is a long term solution and not a quick fix, but if I was to stop the process with my current IP and seek a new one I would be concerned I'd have wasted weeks and could have risked CCJs etc as I can't meet bill/loan payments.
Am I looking at a full three months with someone new? Please say it isn't so
Can be up and running within days provided documentation is made available
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
If you provide your insolvency practitioner with a full set of all documents they require - to include property valuation, mortgage redemption statement, wageslips, bank statements for last 3 months and all current creditor statements of accounts and loan agreements, there should be no reason why this could not be put together for you very quickly.
I have done this in less than 24 hours, but only with full co-operation from my clients. But the process can take much longer if your documentation is not complete.
Do remember the saying "A dog is for life and not just for Christmas!" It is a bit the same with an Insolvency Practitioner - you need to be sure that they are going to support you at all stages of the process and not just right at the beginning.
Ours took just under six weeks from start to finish - and we had most of the documentation available immediately - it's best to take your time and ensure it is the right step for you to take. Five years is a long time to live within a tightly controlled budget and for some people they cannot do it.....others find it rewarding and a challenge to do just that !
Read all the info you get carefully and ensure you can afford the payments !
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
What will you actually lose - apart from some time by switching? And why not simply raise these issues with your IP directly to discuss your concerns before jumping ship?
I suppose I shall have to query the 'money to family' aspect again. If they stand by their decision I'll have no option but to change. At least i can have all the paperwork ready.
