Having last minute doubts!!

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paulgm_2000

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Post by paulgm_2000 » Fri Sep 24, 2010 4:11 pm
Hi,

I have been in an IVA for the last 2 years and have recently had to bring it to an end during to the failure of my business.
I was due to petition for my own bankruptcy today but it;s taken me so long to complete the forms I have only just finished!!
Anyway, i've been having massive doubts about going bankrupt today now.
I have received my notice of the end of the IVA too.
If I managed to get a better job in the coming weeks I would be able to afford the IVA I initially had.
Would it then be too late to 'reactivate' the IVA as it were.
Or would I have to start from scratch if I wanted to go down that route again?

Many thanks,
P
I've had an DMP, IVA and Bankruptcy. Read my blog at http://paulgm2000.blogs.iva.co.uk/
 
 

kallis3

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Post by kallis3 » Fri Sep 24, 2010 4:20 pm
Hi Paul,

It's natural to have doubts, you're only human.

As regards the IVA, I think you would have to start all over again as it has now failed.

If you're not likely to get another job then perhaps it would be better to bite the bullet now and go bankrupt.

You need to think long and hard about this.
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
 
 

paulgm_2000

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Post by paulgm_2000 » Fri Sep 24, 2010 6:00 pm
Hi Kallis,

Thanks again for all your advice recently it has really helped.

Ignore my previous post, i'd spent all day filling the forms out for bankruptcy (with no lunch) and also missed the closing time at the court! I think I let things get to me a bit too much!!

Think I'm going to go a head with bankruptcy as a really don't have a choice now.

Also, I realised how lucky I was on the way home to have such a wonderful family and fiancee and bought a bouquest of roses for her!

Life if is not all about money! I just wish I would remember that!!!
I've had an DMP, IVA and Bankruptcy. Read my blog at http://paulgm2000.blogs.iva.co.uk/
 
 

kallis3

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Post by kallis3 » Fri Sep 24, 2010 6:10 pm
I'm glad you're feeling better Paul. I think BR is the right thing for you.

What a lovely thing to do for your fiancee, I'm sure she will be thrilled.

Let us know how the hearing goes.
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
 
 

Broke of London

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Post by Broke of London » Fri Sep 24, 2010 8:26 pm
Life's not all about money. I was just thinking that happiness is watching Eastenders in bed with a mug of Horlicks!!!

Last minute doubts are natural for a decision this big. But if you can't think of a better solution, bankruptcy is the best thing you can do.

PS. Lucky fiancee!!
 
 

Julie

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Post by Julie » Fri Sep 24, 2010 8:34 pm
Making the decision to go BR is not easy, but if thats the route you have to take, then believe me it's not so bad.

[:D]Broke of London, I can't quite connect Eastenders and happiness...[:D]
 
 

kallis3

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Post by kallis3 » Fri Sep 24, 2010 8:40 pm
Quite agree Julie and I like Eastenders! Corrie is just as bad at the moment - it's all doom and gloom!
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
 
 

Adam Davies

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Post by Adam Davies » Fri Sep 24, 2010 8:50 pm
Hi
Yes, go ahead with the bankruptcy and give yourself a fresh start
Good luck
Regards
Andam Davies
 
 

Shining

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Post by Shining » Fri Sep 24, 2010 9:18 pm
All the best for your fresh start from me too x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

Broke of London

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Post by Broke of London » Fri Sep 24, 2010 9:27 pm
Don't diss the 'Enders! How can't you love a programme where one guy has a child with two sisters and their cousin!
 
 

paulgm_2000

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Post by paulgm_2000 » Sat Sep 25, 2010 8:41 am
Thanks everyone for all your messages of support.

This forum and the people on it have kept me sane over the last 3 through my IVA and now this!

Apologies but just realised i had posted bankruptcy topics on the IVA forum [:I]
I've had an DMP, IVA and Bankruptcy. Read my blog at http://paulgm2000.blogs.iva.co.uk/
 
 

kallis3

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Post by kallis3 » Sat Sep 25, 2010 9:13 am
Please don't worry about that! We welcome questions about bankruptcy as well - don't forget that Skippy is a former bankrupt as is Julies husband.

You ask away and we are always here for support and advice.
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
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