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Posted: Sun Aug 24, 2008 8:32 pm
by stuart.f
is it possible to "get out of an iva" without going fully bankrupt if not what are the rules and method of bankruptsy? my iva is actually causing far more problems than it is solving and i feel after reading lot about itthati may havebeen missold it!
Posted: Sun Aug 24, 2008 8:38 pm
by rockstarloz
as far as I know you can either let it fail by defaulting 3 times and then maybe set up a dmp or offer a settlement figure. why is it causing problems and why do you think it was missold?
Posted: Sun Aug 24, 2008 8:44 pm
by Skippy
Hi Stuart and welcome to the forum. You can fail your IVA by missing 3 payments as Rockstarloz says, and then you can either go BR or into a DMP. Do you have any assets that would be at risk under BR proceedings? If you have a look at my blog I have posted about my BR experiences.
What sort of problems are you having with your IVA - are the repayments too high? Have you spoken to your IP to see if there's anything they can do to make things easier?
Posted: Fri Aug 29, 2008 7:58 am
by stuart.f
at present the repayments are far too high and as i'm getting married tomorrow, my partner and i are worried about how much her own wages an debts will be taken into account by the iva! i have written to my provider with a detailed change of circumstances and am awaiting a reply!
Posted: Fri Aug 29, 2008 8:01 am
by Viki.W
Hey Stuart, congratulations for tomorrow. How exciting. I hope you get some answers soon and have your repayments sorted. X
Posted: Fri Aug 29, 2008 8:33 am
by Julie
Hi Stuart - I echo LadyH's comments. enjoy the day tomorrow and forget about the IVA for at least that special day.
Best wishes x
Posted: Fri Aug 29, 2008 8:58 am
by Soulgrowth
Hi Stuart ... just wanted to echo everyone else in wishing you a wonderful day tomorrow (I have just dried my eyes after watching the GMTV wedding!).
This is a life changing phase for you and your IP should arrange a new I&E for you to take account of this.
All the best
Debbie
Posted: Fri Aug 29, 2008 10:51 am
by kallis3
Congratulations and best wishes from me too.
Have a wonderful day tomorrow.
Posted: Fri Aug 29, 2008 1:11 pm
by michael.t47
have a great day. day i got married was best day of my life
Posted: Fri Aug 29, 2008 1:14 pm
by kallis3
Friday 13th I got married - hubby says he's had bad luck every since!
Posted: Fri Aug 29, 2008 1:19 pm
by Lisa2009
Congratulations and have a lovely day.
The day i got married was the most embarassing. I laugh with nerves and sayng my vows i laughed that much, i cried.
Posted: Fri Aug 29, 2008 1:26 pm
by michael.t47
i was so nervous i sang etc etc etc at the chorus to all things bright and beautiful
Posted: Fri Aug 29, 2008 1:28 pm
by kallis3
That must have been a sight Mrs S![:)]