WHAT HAPPENS NEXT???

[pm.e]

Hello,

I received a letter from my IP today, stating that my IVA defaulted on the 18th September.

It enclosed a letter with summary of receipts and payments.

My creditors requested that my IP petitioned for my BR, however, as there were no funds remaining and the creditors were not willing to provide funds, my IP confirmed that he will not be petitioning for my BR.

Does anyone know what to do next - if anything????

Many thanks,

[Skippy]

I petitioned for my own BR as I hadn't paid enough into my IVA to cover the IPs fees and the BR fees.

I would think (and I'm sure one of the experts will correct me if I'm wrong) that your options here are a DMP or to petition for your own BR.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[MelanieGiles]

It sounds to me as if bankruptcy is a more sensible option for you - a petition will cost £485 at Court if you are working, but if on benefit you can get this cheaper.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[pm.e]

Hi,

Thanks for the help, Waiting for my pay and I will petition.

Although, I have one other question, what would happen if I did nothing?

Many thanks,

[MelanieGiles]

Your creditors would likely continue to hound and harrass you - just like they probably were before you entered into the IVA - and of course you now have no legal protection from their collection activities. I would never recommend doing nothing.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[pm.e]

Hi Melanie,

Booked my date for BR, 1st October, week Monday!

To be honest, cant wait, really had enough of all of this.

Many thanks for your help

[Adam Davies]

Hi
Good luck with the bankruptcy.
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

[MelanieGiles]

Good luch with that and of course let us know how you get on.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[scaredkez]

good luck with the 1st pm.e will be thinking of you.
kerri

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

[Soulgrowth]

Good luck ... I am sure that it will be a weight off your mind.

Debbie

www.babynamings.co.uk

www.soulgrowth.co.uk

[pippa]

hi pm.e

Good luck with everything not much longer now

Pippa

[iva experts]

Hi pm.e, Best of Luck with your Bankruptcy,Im sure you will be fine [:D]

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/

[Skippy]

Good luck for 1st pm.e

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[lisa1978]

Hello

My IVA company told me do what you like its a "voluntary" agreement

And i could not speak to my IP he is a signature on paper !!!! and is very busy [:0]

Lisa

[MelanieGiles]

Lisa

I am not sure what you mean in your last post. Can you clarify please?

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp