Advice needed, extra debts. HELP!

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dcushion

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Post by dcushion » Sat Oct 27, 2018 4:42 pm

We paid our last IVA payment 2 years ago January but hasn't completed yet due to outstanding PPI claims. Stupidly we took in more credit during the iva which we didn't think we would get and one thing led to another and we can't cope anymore. Do I inform our IP but as we have got CC will be in breach or do we try to hold out for CC then file bankruptcy? Will we be in any trouble?

I know we have been reckless and we have massive regret. Thanks for any advice given.

kallis3

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Post by kallis3 » Sat Oct 27, 2018 4:45 pm
If you haven't completed, how have you got a CC?
http://kallis3.blogs.iva.co.uk/
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.
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Foggy

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Post by Foggy » Sat Oct 27, 2018 4:49 pm
My initial thoughts are that your IP is in the wrong by holding off completion for 2 years, and I would be complaining very bitterly about this. PPI is no reason for witholding completion. Who are you with ?

There is a possibility that they will fail the IVA, even at this stage. But, this matters little if you are intending on filing for BR in any event.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/

Foggy

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Post by Foggy » Sat Oct 27, 2018 4:49 pm
kallis3 wrote:
If you haven't completed, how have you got a CC?

Typo I think.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/

dcushion

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Joined: Sat Oct 27, 2018 3:29 pm

Post by dcushion » Sat Oct 27, 2018 5:00 pm
kallis3 wrote:
If you haven't completed, how have you got a CC?
Sorry autospell. We are still waiting CC

dcushion

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Post by dcushion » Sat Oct 27, 2018 5:03 pm
Foggy wrote:
My initial thoughts are that your IP is in the wrong by holding off completion for 2 years, and I would be complaining very bitterly about this. PPI is no reason for witholding completion. Who are you with ?

There is a possibility that they will fail the IVA, even at this stage. But, this matters little if you are intending on filing for BR in any event.
Hi Foggy

We are with money plus

GaryB1968

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Joined: Wed Jul 12, 2017 6:53 am

Post by GaryB1968 » Fri Nov 02, 2018 8:14 am
Hi, I’m a member of the team here at MoneyPlus Insolvency. I’m sorry to hear the concerns you have regarding your current situation. Following your post, I have reviewed your case and passed the details to a member of our Customer Support team to give you a call today. We’d like to understand a bit more about your situation so that we can see what solutions are available to you.
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