I have today received a letter asking for last year bank statements, accounts from my husband business, these were sent in every year on review date
There are claims of £55,232.72 and to date £55,542.00 has been paid
My review date is may, but last year it was requested I pay another 12 months so it took till August to start the final 12 months, I have paid the final 2payments in June to get this cleared. Any advice gratefully received
this iva was both a struggle to admit too and the depression from feeling a failure whilst wondering if I could emotionally deal with this , I had to resign from a charity I served , this road has taken me to dark places- to start,it took 3 meetings before it was finally accepted
my husband went into partnership with his business and our income went from 3k a week to £650
whilst keeping a mortgage on his mothers house where at 88 she lived rent free and renting our property times got very tough and
in speaking with a debt advisor an iva was put forward,
however 2 years in we had ppi reclaim of over 20k , this all went into into the iva,but was not acknowledges until year 4 and we also had joint debts which were in the iva and had to have payment plans
in place for my husbands half , so as well as the iva which went upto £1k a month we paid £600 to 3 joint debts ,
my husbands partnership failed in year 3 and we had to beg and borrow off family to put this into administration , an appointment with a solicitor cost £600 for an hr
we used 4 cards to pay this !! my husband went back as a sole trader and
in year 4 our fortune turned and we were finally getting sorted, at the end of year 5 we moved house - smaller and cheaper, thinking the iva was at an end then I had to extend because we couldn't re finance , and now I am at the end again and they are asking for a 6 month variation to review last 12 months of income
we have paid and paid and paid somemore, I am only hoping we are coming to the end .thank you for your replies and
thank you to this forum which as kept me sane many a late sleepless night over the 6 years
The hope to carry you through this is that you will soon be finally clear of the IVA. Hopefully your husband can clear the joint liabilities in good time, so you will, finally, be debt free.
Should he feel the need to enter a debt solution, might I be so bold as to suggest another firm this time!
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