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				Posted: Mon Dec 07, 2009 12:05 pm
				by Seahorse
				Hi all
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.
Thank you all again.
Jane x
			 
			
					
				
				Posted: Mon Dec 07, 2009 12:19 pm
				by Julie
				Glad everything went well this morning Seahorse.
Good luck with your IVA too and please keep posting xx
			 
			
					
				
				Posted: Mon Dec 07, 2009 12:20 pm
				by Shining
				Seahorse what a fantastic positive post.  I am so glad that everything worked out well for you and that bankruptcy wasn't as bad as first thought.
I wish you well with your IVA. x
			 
			
					
				
				Posted: Mon Dec 07, 2009 12:21 pm
				by Michael Peoples
				That is great news for your husband and hopefully GT can have your proposal sorted in the New Year.
			 
			
					
				
				Posted: Mon Dec 07, 2009 2:14 pm
				by kallis3
				So glad it went ok Seahorse.  That must be a weight off both of your minds.
Good luck with sorting out your IVA.
			 
			
					
				
				Posted: Mon Dec 07, 2009 2:35 pm
				by Seahorse
				Many thanks again.
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!!!!)
Jane x
			 
			
					
				
				Posted: Mon Dec 07, 2009 2:56 pm
				by kallis3
				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.
			 
			
					
				
				Posted: Mon Dec 07, 2009 8:06 pm
				by MelanieGiles
				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.
			 
			
					
				
				Posted: Mon Dec 07, 2009 10:23 pm
				by Skippy
				I'm glad it went well for your hubby, and good luck with your IVA x