Having read your previous posts, I think BR could be an option for your wife or possibly a DRO. £85 a month is very low for an IVA which is possibly why it has been adjourned.
Hi kallis3 thank for your reply. To be honestly if it’s not accept than we are very happy because once our immigration status change and get work permit than it’s good for us. What’s your best opinion will be outcome from this adjourned? Our IP don’t mention our immigration problem in our proposal but we have informed our immigration and other situation to creditors when we offered them token payment.
Foggy wrote:The payment is very low for an IVA and I expect the IP is trying to gather "yes" votes, as the creditors will get very little back. I don't know what your immigration status is or your plans, if any, to change this in the future, but I would suggest a chat with your local Citizen's Advice Centre about a DRO (Debt Relief Order) ... but DO check if it will affect your status.
Thank you for your response and kind advice. I am not sure it will effect our immigration status or not but I will check with them. we don’t want to runaway from debt and actually we are trying as much as possible to return them.
Foggy wrote:I do not know why, but it seems to be normal for Creditfix to adjourn meetings and have to chase votes. Of the cases that have been mentioned on here they seem to get most of them accepted eventually.
Spoke with Creditfix today advised still no outcome yet and hopefully will receive end of this week.
We are so depressed last few due for our wrong decision. Always we worried if IVA accepted than not good for us to break at the middle of journey.
kallis3 wrote:So sorry for you. Have you thought about doing a debt management plan in the meantime?
To be honestly we are in token payment last 3 month and we will be carrying till our situation change as we have no work permit because of our immigration status. Only we reliable on national asylum support. We only receiving per week £151 for four person included 2 child. No any other income.
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