Apprehensive

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Moneystinks

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Post by Moneystinks » Tue Apr 08, 2008 11:21 pm
I am more than alittle scared about stopping to the payments to creditors. I feel really guilty. So far we have managed by 'juggling' payments around so that all creditors are paid- even if it is with another creditors money[:I]. We realise we cannot manage like this for much longer. Can anyone shed any light/offer any advice on what exactly we can expect. Although I feel we already know the answer!![:(]
 
 

pm5

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Post by pm5 » Tue Apr 08, 2008 11:23 pm
Basically you are robbing peter to pay paul & it will just make matters far worse, i would suggest getting professional advice on what options are available to you.
 
 

MelanieGiles

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Post by MelanieGiles » Tue Apr 08, 2008 11:24 pm
Don't worry about it Marie - it makes little difference to the outcome whether you pay the creditors token or pro-rata payments or not. Once you have decided that a formal insolvency solution is the right way forward for you, follow the advice of the professional you have chosen to represent you, and get rid of feelings of guilt to be replaced by feelings of pride that you are taking positive steps to address your financial difficulties.
Regards, Melanie Giles, Insolvency Practitioner
 
 

Moneystinks

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Post by Moneystinks » Tue Apr 08, 2008 11:26 pm
We have taken the step and spoken to somebody. They have suggested not paying anyone from now until everything is (hopefully) in place. So scared.
 
 

MelanieGiles

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Post by MelanieGiles » Tue Apr 08, 2008 11:27 pm
Don't be - they are not going to do anything horrid to you if they know you are working on a solution, and at the end of the day you cannot afford to pay them or else you would not be here!
Regards, Melanie Giles, Insolvency Practitioner
 
 

Moneystinks

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Post by Moneystinks » Tue Apr 08, 2008 11:28 pm
I know - I wish Iwas't! No offence.
Melanie is lovely by the way.
Thanks
 
 

Beans on Toast

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Post by Beans on Toast » Tue Apr 08, 2008 11:30 pm
What you are feeling is perfectly normal, we can all vouch for that! Don't put it off any longer Marie, you've alredy taken big steps by posting on here and you recognise you're living on borrowed money. None of us have done it on purpose, it just catches up with you eventually and you have to act sooner than later.
Everyone on here will be behind you, take your time and choose the right professional for yourself.
IVA completed April 2013
 
 

chris.g

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Post by chris.g » Wed Apr 09, 2008 7:49 am
Marie, to be fair to all your creditors you have to stop paying them. Once things are sorted payments will be made to them so try not to feel so bad.
It's always a confusing and conflicting time when you first start to sort out your debts but rememeber that you are sorting them and that's the main thing.
Keep smiling hun,
xx
It's nice to be back......
 
 

angela18

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Post by angela18 » Wed Apr 09, 2008 7:55 am
Marie, I've been through all those emotions:- fear, embarrassment, guilt and then sheer relief when we addressed our problems! We haven't had our creditors meeting yet and I still feel guilty when creditors call, but hopefully (fingers crossed) everything should be sorted soon.. keep your chin up!! Your feelings are completely natural
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
 
 

barbara.worthington

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Post by barbara.worthington » Wed Apr 09, 2008 12:54 pm
hi marie - try not to worry (not easy i know) but you are taking positive steps to sort your problems out - we felt exactly the same, but came to a point where we could not carry on robbing one to pay another

we have just sent our proposal back and so are waiting for our creditors meeting - it is a worrying time - but stay positive because things will be sorted

good luck

love barb x
 
 

debbiw

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Post by debbiw » Wed Apr 09, 2008 12:59 pm
Marie - Well done for taking the first steps to a debt free future. You should feel proud that you are sorting it out, and not burying your head in the sand x
 
 

Adam Davies

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Post by Adam Davies » Wed Apr 09, 2008 3:53 pm
Hi Moneystinks
We all have that feeling after spending months,even years juggling money about.At the end of the day if you made full payments you would be getting further and further into debt.
Regards
Andam Davies
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