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I just wanted to say thank you to Melanie for the advice about bankruptcy yesterday. Although I pretend not to care a lot of the time, I do get in a state (I actually went to bed at 8pm as I'd made myself feel ill) and I really needed that advice.

I am going to complete a new income and expenditure form as you advised, and just hope for the best. I don't want to go down the BR route, but I am resigned to the fact that I might have to. I will try and manage on the IVA for the next couple of months, and see what happens. Whatever happens I will cope.

Thanks also to Lily and Kerri for your advice, although I hate to think of other people being in the same (or worse) situations it does help to know that I am not alone.

Thanks everyone,
Love Tracey x

Onwards and upwards!!!

Tracey

You deserve a medal for keeping positive about your IVA. It might seem more beneficial to throw the towel in, but only do that if creditors are not prepared to accept your revised figures based upon what you can actually afford - with a little extra built in for contingencies as well. At this stage you are far more knowledgable about what you need to spend, and don't allow yourself to be bullied into paying more.

If they don't, then you can then declare bankruptcy with your head held up high, armed with the knowledge that they will get nothing back and that that is their fault!

Thank you for your thoughts. For me it is nice to be able to put something back into a profession that has given me an awful lot over the last few years.

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

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