when is the equity in your home under threat

[neverending]

Hi all
Lets clarify a few things.

There is no problem with earning less but still making your full IVA payments,either by living a spartan existence or accepting gifts[money] from family/friends.[ I have had to do this ].Just fill in your income and expenditure form as it really is...........let your IP then wonder how on earth you manage.

Purchasing a property whilst in an IVA is allowed as long as your IP gives permission and you are using money that has been gifted to you for the purpose of buying a property.Also your mortgage payments be similar to your rental payments.
Your equity can not be touched by your creditors[there is ,of course,always the chance of accruing negative equity].
Debtdummy has apologised and I think we all agree has misread or misunderstood Batawi,s comments.
Time to move on
Regards

[thebear29uk]

I agree. Please do keep posting DebtDummy. Your input is important to the forum.

Best Wishes

Dave

[scaredkez]

i don't think DD was having an attack on anybody she just didn't want anyone misled by the information that was being given, and she was giving advice to that affect, a lot of the postings on the boards are about being honest and upfont with ips as this can lead to the iva failure if you donot comply to what is written in your proposal. i think the most important thing DD was trying to get across was failure to disclose a lower income now could mean further troubles for the person in general further down the course of the iva if they had to admit they could no longer cope and therefore the IP would want to know why they hadn;t disclosed this information sooner, and also it would show that they could possibly have managed on less in the first place than what is on the income and expenditure, i don't think she meant anything by it other than to keep the trust between ip and client thus keeping every thing above board sorry for the ramblings
kerri

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

[freelili]

Hi DD

I just wanted to say, you are one of the most caring people I have never met, your posts have helped me and so many others (I hope) through one of the most difficult times of my own life. You have inspried me with your good humour and I hope that you will continue to post, your sense of compassion for us is so welcome and whatever you meant here, I am sure it was not to attack or upset anyone, you were quite clearly trying to defend a first time poster from what you saw was bad advice. Batwaw 13,DD is not trying to attack you I am sure and it is not unlawful that you are in debt. I am sorry but this person has been one of the best posters on this forum and she would be feeling bad right now. We are all 'debtors' whatever our jobs might be and I feel it is unfair to 'gang' up in this way. Anyone can make a mistake and I do not apportion blame to anyone. I do know that DD is having a really really hard time right now, she is about to lose her home. People have a heart, please. Melanie I know that you are paid to know all about these things, but not everyone understands it like you do. An IVA is a one of event for debtors not an everyday thing. I mean this with the greatest respect, I hope you will understand that the stress of being in debt is really difficult, you know DD and I thought you came across as very harsh here. sorry.

LILY

[thebear29uk]

Hi all

My post was not in any way meant to gang up on DD. I couldn't agree more that she has been one of the most supportive members on here. Also the humour with which she informed us of the decision to go BR was typical of her posts. Anybody posting here feels the stress and I was just a touch surprised by DD's post.

DD I saw your reply to pentre earlier and that kind of advice is down to your knowledge and occupation. It was very good advice.

I hope I haven't offended you with my reply.

Best Wishes

Dave

[batawi3]

Forum members, with all due respect I was also airing me feelings based on what DD had said in her earlier post. I did feel that it was an attack on my integrity and in the post I had replied to Plum I did say to her NOT to go about the way I did it so I cant see how that would be perceived as misleading information and or bad advice. I clearly stressed that if earning less was going to impact on her contributions then she should contact her supervisor (which is the advice also echoed by the experts on teh forum). Thebear - I didnt imply that you were ganging up on DD, you are all correct, DD has been very helpful and supportive on the Forum and even if it was a one off, it didnt justify the tone of her post and I was quite offended by it when I read it. I have nothing against her at all and empathise with her situation just as I empathise with everyone who is as stressed about the situation we are in as I am. I am sorry if it feels like I have 'ganged' up on DD in any way, that was not the intention, I was just airing my opinion purely based on her post. Her original post was rather patronising in my opinion. And for the record, this is part of the post that DD got worked about As long as you are able to maintain your payments, I dont see why you cannot change careers, but renegotiating your payments might be a non starter Is this really negligent advice?

[Skippy]

Can I just also say that I am with Dave on this one - my post was not meant as a dig as DD either. Her help and advice as been invaluable to me, and like Dave I was surprised when I read the post.

I think this could be a subject that needs to be put to bed now!

Onwards and upwards!!!
View my blog at: http://skippy13.blogs.iva.co.uk/

Comment from admin
Good idea!!
Topic now locked.