took me 5 months to build up the courage to post

[jane.l]

Now, I do sincerely beleive that this is the ****hole who tracked me down on the other forum, honestly, its now water off a ducks back!

Certain people need to get a life!

[rob.m]

Jane.I

Please dont think Im a person from any other forum, you have my word that Im not.

Dont panic please !!

Rob

[Adam Davies]

Edwina
Melanie did not feel that it was an asset and if thats the case then in a bankruptcy situation an allowance would surely be made for it.
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[aguise]

Rob
I see what you are saying but think about it. You are a hard working person suddenly out of the blue your job is gone, you are ill cant work, disabled an accident a million reasons. Previous to that you could afford your debts your car your house your sky, holidays and maybe your horse, which you have owned for 10 years, your pet. Now you are in financial trouble, cant work and cant pay it all back. You go for an iva and lose the ,equity, the sky goes to basic, you cant go out , no holidays, do you think it totally fair to expect to just get rid of your animal which you have been attached to for ten years, I dont think so it would be part of your family you would be attached. At the end of the day if the creditors dont like it then they can say no or make you cut back somewhere else. Maybe you would like us to get rid of the husband or wife as they can be expensive too or better still ask somone to have the kids for five years.
Everyones circumstances are different we are all individual and an iva is an INDIVIDUAL voluntary arrangement.What is fair for one may not be for another. Some are allowed to go to the gym whilst others are not, some can carry on paying for cars but others live in fear of the knacker outside packing in.
I do hope you show dad in law more consideration than you appear to have at the moment. You yourself may need it one day.
Not having a go, Rob just trying to make you look from different point of view.

Ang

[tracy.h]

Good luck hopefully you will stay on the other forum,just remember it has taken people a hell of a lot of courage to address there debt issues.
They post on here for advise and support,not negative views.

[Edwina]

Hi

As a passionate horse lover and rider I understand more than anyone what a horse means to someone. However when one is indebted the expense of keeping a horse becomes an issue. A pet yes, loved yes of course and I feel for anyone who has to face selling a loved animal but reality is that debts have to be repaid whether through the vehicle of an IVA or at worse bankruptcy, I feel that the OR concerned would have to take a view on and believe that a horse would definitely be safe.

[rachel33]

sorry I deleted my post by mistake earlier, it took me 5 months to build up the courage to post on this website and the advice by professionals and people in the same situation has been of immense help. I can understand that you think certain items probably are luxuries but I don't really think there was any need to comment.

[monday s expert]

2) My c70 year old stepfather will be given the facts on IVAs (and DMPs) and I can sit down with him and read the forms before he makes the next step. He has got himself into a mess and accepts this. He doesn't have any luxuries (well £2/week at the bookies).

Maybe you should give the facts about equity release!!

3) One would hope they are already "feelin the pain" before going for an IVA. BTW my local library rents DVDs for 50p/£1.

No I wasn't "feeling the pain" when I was racking up the debt - until somebody "sat me down" and showed me the error of my ways - I felt the pain when I started the IVA 2 months before Christmas

I felt the pain when I couldn't go to Australia to my Brothers wedding because I was in so much debt and under an IVA
(the same brother who icidentally is willing to lend me money to help me out of the IVA nightmare that is my life - because a certain company would rather I go bankrupt than go below the 25p in the pound RULE)

Monday's Expert

[rob.m]

Monday's Expert,

My stepfather will, when his divorce is finalised, have around £2000 as his equity share from the house. Subtract the legal fees and he will be down to around £1,000.

And your point was ??

It is regrettable that you couldn't attend your brothers wedding in Australia.

You are going to find this very hard to comprehend, but, it is a result of being in debt.

It is a strange concept that a very few people on here are struggling to grasp !!

You cant seriously expect people to feel sorry for you surely? (but of course, you do).

Rob

[scaredkez]

Hi all

I think the point the original poster was trying to make, please don't bite my head off, i don't think he meant to offend anyone,

reading through posts were we are all stressed because of the situation we are in, to those who are not in this situation may look to them that an iva was being took advantage of, a horse is very much a luxury to some, and to others its a way of life, something they may have been brought up with, so to somebody who is not in this situation getting rid of things that they see as luxuries is a means to put towards your debt, in reality when it is a much loved animal or pet that you have had for many years this is easier said than done, yes i posted before i put my Cats on the BR form, they were strays that my kids brought home, they cost me £8 per month i would willingly take that out of my expenditure, sky is not allowed in BR, to many such as my self with 3 kids its a cheap night in, i have gotten rid of mine as i feel the kids watch too much tv anyway, point is what appears as luxuries to some are not to others, and for people reading some of the posts it may seem that we don't want to change our lifestyles to help pay our creditors.

but all of us who have been through the iva process or the lead up to it know this to be different and that all your expenditure is scrutinised, i mean in mine life insurance was classed as a luxury and i was unable to allow for that in my expenditure for the iva, although a stipulation of the mortgage,the original poster is new to the site and of course reading concerns about things they don't think are necessities will of course get peoples backs up until they know to the full extent of what they actually mean to a person in their day to day life.

to the original poster i mean no offence to you either but give a little thought before you post your views without knowing the full extent of what people have been through here, all of us have had different circumstances which have led to our down fall and none of us are happy that our lives have come to this as i am sure your step father won't be either.

i think it also unfair to suggest posting posts from here on other sites to see what their opinions are as that is biased, it has taken a lot of courage for people to post on this site and i would not like them to be put off at the thought of anything they posted here could be forwarded to other sites, this has happened to a member of this site before, which had nothing to do with debts and responses they got were not very pleasant.

rob.m welcome to the site and i sincerely hope we can give you the help you need with your step father, but please be aware these people have been through enough without adding to their stress.

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

[louiseh]

I don't have sky, don't have pets, don't have children of my own (step children) , live in small flat, no gym membership or clubs, don't smoke, don't go out driniking, 10 year old car 140,000 miles on it, do have freeview box (given to me by sister). Have had serious family crisis, redundancy, long term sick (husband) now have IVA. 15 years ago I had savings a pension plan and an ISA things change!

[rob.m]

Scaredkez

Thanks for a well balanced reply.

My only issue would be your statement concerning bias of people outside the site when the views within the IVA website are very worryingly biased too.
I would just like to add that if people are faced with a mountain of debt, surely they have a responsibility to try and reduce it BEFORE thinking of an IVA.
Whether things are considered luxuries or not, if funds can be released without starving the family or ending-up sleeping under a bridge then surely they should be released first.

Rob

PS I notice the Thread Heading has been changed ?

added by admin. Yes the heading has been changed to reflect that this is not a forum about one indidual item which may or may not be allowed, but a forum to support and help people who are facing life changing events with courage and honesty and an immense and awe-inspiring capacity for caring for others... creating a totally non-judgemental haven .

[mick.i]

Rob,
Your arrogance and ramblings are helping no one.
Perhaps you should look at a web forum for marriage guidance for your family members and get off your high “horse” (no pun intended).

[Edwina]

Hi Andy

Obviously not, but I would say that a horse can be worth £500 or £50,000, my point being on the one hand that a valuable horse that holds some value would undoubtedly be classed as an asset in bankruptcy or otherwise, as would pedigree show dogs or cats as these can hold significant value too. In addition the cost of keeping this particular horse stated to be £150 per month, and unless the outcome of the VA returns a significant div to Creds then I would say that creds would want the costs of keeping the horse to form part of the VA.

Edwina

[MelanieGiles]

Everyone

Having been out of the office for most of the day, and I can't quite believe that I am reading the tone of this thread at all! This is a forum for support and sharing, not direct critisism of others' views and opinions. Yes the forum is for free expression, and for me it is to share the benefit of my technical advice and experience as an insolvency practitioner in practice - incidentally with a 98% success rate at creditors meetings.

The issue of this horse, and whether we think that it is reasonable expenditure or not is of no issue. It is for creditors to determine whether they feel the expenditure is reasonable, and for the debtor to put forward their reasons to justify that expenditure.

Let me tell you that I have dealt with several horse owning IVAs and bankruptcy cases in my career, and have never sought to sell a much loved family pet, which is probably worth less than £1,000, and would cost just as much to have collected and sold at auction.

There are human beings at the end of these processess, and most creditors can be relatively sympathetic about such expenditures. To compare the cost of looking after an animal to taking a cruise is like comparing apples with pears. 80% of personal insolvencies result from unforseen life changing experiences, such as redundancy, divorce or illness. To make people live under Dickensian times was phased out long ago - just look at how the Insolvency Service assess expenditure these days - allowances for holidays, birthdays and Xmas.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk