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by bellshollsmarls
Wed Jan 24, 2018 1:39 pm
Forum: Ask IVA Forum and Industry experts
Topic: I’ve had the idea to fail the IVA
Replies: 18
Views: 3714
kallis3 wrote:
Unusual for McD - they are usually quite good.



not with me, unfortunately. whenever i have a query, they keep referring me to someone else. quick to take payment, but slow on advice. really unhelpful
by bellshollsmarls
Wed Jan 24, 2018 12:54 pm
Forum: Ask IVA Forum and Industry experts
Topic: I’ve had the idea to fail the IVA
Replies: 18
Views: 3714
it's not so simple. i'm currently on a 6 month pause, ends in Feb. was hoping to save money to make some changes to my property to get renters in. I've made an offer to them, for £30k, little less than the outstanding amount.. the firm is mccambridgeduffy. not even slightly helpful. no advice or any...
by bellshollsmarls
Tue Jan 23, 2018 4:16 pm
Forum: Ask IVA Forum and Industry experts
Topic: I’ve had the idea to fail the IVA
Replies: 18
Views: 3714
Lisa Thomas wrote:
If you go bankrupt all of the £50k will go to paying off the debt, Bankruptcy costs and interest - there will be nothing left for you I'm afraid.



I can’t deal with this anymore.
by bellshollsmarls
Tue Jan 23, 2018 1:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: I’ve had the idea to fail the IVA
Replies: 18
Views: 3714
I have around 36k left. I’ve been paying for around a year, with all the fees involved, I’ve not made much of a dent in it. I’ve probaly paid around £5k of the actual debt. If my valuation was correct, I should make around £50k when the house sells.
by bellshollsmarls
Tue Jan 23, 2018 9:41 am
Forum: Ask IVA Forum and Industry experts
Topic: I’ve had the idea to fail the IVA
Replies: 18
Views: 3714
I doubt you would make any profit - your share of equity will either be held on trust for the IVA creditors OR be swept up in the Bankruptcy. The costs in Bankruptcy are extremely high. £6k of taxes alone. How much equity do you have, what are your total creditors and what have you paid into your I...
by bellshollsmarls
Mon Jan 22, 2018 1:03 pm
Forum: Ask IVA Forum and Industry experts
Topic: I’ve had the idea to fail the IVA
Replies: 18
Views: 3714
How long have you been in your IVA? You may find you pay across for 3 years if you declare BR and an OR could reverse the sale of your house if they think you have done this deliberately. If you sold your house you could use funds gained to pay off your debts. that's sort of answered my question. i...
by bellshollsmarls
Mon Jan 22, 2018 12:34 pm
Forum: Ask IVA Forum and Industry experts
Topic: I’ve had the idea to fail the IVA
Replies: 18
Views: 3714
I’m currently in an IVA and I’ve had the idea to fail the IVA, sell my house after the restriction is lifted, and then file for bankruptcy. Is this a feasible option? What are possible repercussions?
by bellshollsmarls
Thu Dec 07, 2017 4:35 pm
Forum: Ask IVA Forum and Industry experts
Topic: Unsure what my best option is, my head is a complete mess.
Replies: 20
Views: 7191
thank you does she need to prove that it was only me that accumulated the debt, or do i need to prove that it was both me and her? she told me she didn't have any contribution to the debt. we went through a lot of IVF, i paid her debt - she definitely contributed to the debt. disproving her statemen...
by bellshollsmarls
Thu Dec 07, 2017 3:22 pm
Forum: Ask IVA Forum and Industry experts
Topic: Unsure what my best option is, my head is a complete mess.
Replies: 20
Views: 7191
if i file for bankruptcy, can she still come after me for money she thinks she is entitled to? i've been with her since 2006, i've paid loads of her debt from a previous marriage. I've spent so much money on her debt and looking after her. owning only 49% of the house, how do the trustees sell that ...
by bellshollsmarls
Wed Dec 06, 2017 9:34 pm
Forum: Ask IVA Forum and Industry experts
Topic: Unsure what my best option is, my head is a complete mess.
Replies: 20
Views: 7191
I’m seeing CAB soon, and I’ll try to confirm this then, but can I kick her out of my house? What could the possible repercussions of that be?

She is seeing someone else, she does stay over at his 95% of the time.
by bellshollsmarls
Wed Dec 06, 2017 7:23 pm
Forum: Ask IVA Forum and Industry experts
Topic: Unsure what my best option is, my head is a complete mess.
Replies: 20
Views: 7191
Do you mean that if she goes to court, they’d possibly let her have what she’s feels entitled to before the debt she and I accumulated together gets paid?

How’s that fair? Or even just?
by bellshollsmarls
Wed Dec 06, 2017 10:42 am
Forum: Ask IVA Forum and Industry experts
Topic: Unsure what my best option is, my head is a complete mess.
Replies: 20
Views: 7191
hopefully it won't get to that. thank you for your advice.
by bellshollsmarls
Wed Dec 06, 2017 10:27 am
Forum: Ask IVA Forum and Industry experts
Topic: Unsure what my best option is, my head is a complete mess.
Replies: 20
Views: 7191
Alongside the usual decrees in divorce (nisi and absolute), did you get a Financial Consent Order (often referred to as a clean break agreement) ? If so, that is binding and she can make no further claim. If not, then she could make a claim for an equitable interest in the property, which would hav...
by bellshollsmarls
Wed Dec 06, 2017 9:50 am
Forum: Ask IVA Forum and Industry experts
Topic: Unsure what my best option is, my head is a complete mess.
Replies: 20
Views: 7191
Was she granted any payment from you re any interest in the property as part of your divorce proceedings? No, it was a clean separation. We decided that economically it would work better if she and her 21 year old daughter stayed. A year on, after the divorce came through, I want to sell so I can c...
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Search found 17 matches Page 1 of 2