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Post by betty946 » Sat Oct 10, 2020 6:24 am
Good morning

I’m absolutely terrified and think I’ve just been conned, I’m paranoid I’ve made the biggest bluster.

So 2011 I had a operation and went wrong and after years of investigation and deterioration I became disabled and the mental impact me was awful, I have two children and they became my careers so life spirled out of control.

So two years been paying all my bills and getting on top of everything but there is 13,000 dept from them years and can’t get rid so I applied for a IVA and it’s going through but I live in a council house and I’m now on benefits due to my I’ll health and mobility. Would bankruptcy been a better easier choice as I don’t know if I can pay this money £85pm and pay all my bills and put food on the table I’m so stressed out haven’t slept in two days and too scared to call the man for advice I case he stops it

Also he’s taking payments from this week is that normal??
Will I loose mobility car


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Post by kallis3 » Sat Oct 10, 2020 7:29 am

I'm sorry to hear of all of your problems. Which company have you approached? £85 is a very small amount to pay each month and I don't think they should be taking payments now - if an IVA is refused, will you get the money back?

I would stop this IVA application now and speak to one or two companies - if you look around on the forum you will see who people recommend. A smaller company is usually better than one of the big factories.

As to your car, I think that should be ok as you don't see the money, it just gets paid straight to Mobility. I don't know how it works with bankruptcy though.
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.


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Post by Foggy » Sat Oct 10, 2020 8:49 am
Taking the money upfront and at so early a stage doesn't sit well with me. As Kallis suggests telll them you want to slow down and think -- speak to a couple of other companies to compare advice.

If you think that the allowances they have agreed for food etc. are not enough morte realistic allowances might bring your disposable income down from the £85 they calculate to under £50. If that is the case and you fit the other criteria, a Debt Relief Order might be the way to go ( or at least one option ) --- this is often described as 'Bankruptcy Light' and can clear your debt within a year. Not all firms can offer a DRO, but I believe Stepchange can deal with this and your local CAB can advise.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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Post by MrMole » Sat Oct 10, 2020 9:20 am
The fact that you're so worried about being able to afford the £85 now speaks volumes.

Do what's been suggested, stop the IVA and talk to some other places.
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