Hi everyone,
Since my last post i have had a telephone meeting with stepchange iva team and been told i have strong chance to get accepted.
Back in year 2000 ı had some debts and i believe they are all statute barred as ı never heard from them since 2000 only one letter ıve received but ignored it and never received any more since then..
My credit file had no record of those debts or there is no ccjs any of my credit files ı checked them all.
Do ı need to metion those debts to my IP or shall i just concantrate with my recent situation?
I really forgot about them since i start filling the forms and putting paper work together.
İts been nearly 17 years for those debts.
I am worring that my iva wont go through because of those debts.
Am ı over reacting or should i really worry?
They well be statute barred but I would still mention them to your IP just in case.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Possibly not - I really don't know. Perhaps one of our Industry experts can comment.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
A statute barred debt does not cease to exist, however I am unsure as to whether they should be brought up now, as acknowledging them now will re start the clock on them. Hopefully one of the Industry Experts will come along and advise.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I suggest you let your IP know about the debts and that you can not remember any further information about them.
They will get you set up on an IVA and if any of the old debts you can not remember get back in touch, they will have to first prove the debt (unlikely as most creditors sell the debt after a year and collectors do not usually keep files open for more than a year) and if they can prove it, normally can be added to the current IVA.
Thank you for responds.. ı have spoken to my IP explain that they over 17 years old she said thats fine we are not going to do anything and carry on getting proposal ready. As far as i can remember one of the debt was one 2 one long gone now.. at least thanks to your advices ive been open to my IP and she confirms that this wont be a problem.
Once again thank you for your replies and advises.
Will keep you inform how my proposal getting as i am getting the paper ready requested.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
kallis3 wrote:Sounds good - hopefully it will all be ok.
I wouldnt find the courage to tell my IP if you didnt tell me to do so.. ı feel much better now.. i am so happy finding this forum and meeting lovely people like you..
Thank you
It is always better to be open and honest with your IP -- otherwise you would be spending the next 5 years feeling very stressed. Also your IP will appreciate not getting any surprises later on
We are all here whenever you need to chat or ask questions.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Foggy wrote:It is always better to be open and honest with your IP -- otherwise you would be spending the next 5 years feeling very stressed. Also your IP will appreciate not getting any surprises later on
We are all here whenever you need to chat or ask questions.
I am totally agree with you.. the letter i have to sign and send back acceptance letter, there was a line says ı will be giving all information my past and present debts thats why i wanted to make sure before i sign the letter.. thanks to kallies i called my IP and she said there wouldnt be a problem and continiue getting the papers together.
Hopefully within two three weeks i will be receiving my proposal but i know from now it wont br easy and i will aleays find something to worry about until hopefully the day i get acceptance finger cross..
