hi all - have been posting on fergies thread this morning so apologies for reapeating myself.
We have had our creditors meeting this morning - #tom at Jones-Giles has just called to say that the creditors want us to increase our offer. The thing is - i dont really think we can afford to do this. As some of the fab forum members have already said to me, 5 years is a long time to struggle.
Just dont know what our options are now - will we have to go bankrupt?/ am terrfired, thought that it wouyld all be ok after today!!
xx
Dont worry at the moment. Just see what Mel's team can do. If you know for sure you can't afford the increase then there will be other options for you which the team can go through with you if needs be.
If the creditors know for sure that you cant afford this increase, they MAY just accept the original offer. Sit tight and try not to worry xxxx
Firstly, I would let Mels firm try to sort this out for you first, you may be panicking unnecessarily.
If things don't work out, bankruptcy is an option, but you don't have to do that. You could always try a debt management programme as a stop gap, then try again for an IVA in the future.
I am sure that Tom will explain all this to you.
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
thanks ladies!! i am such a b***** whittler!! in my mind have already packed us up and gone to court!!!!
Will sit tight until i speak to Tom again.
This waiting sure is a good way to lose weight!!!
You're bound to be confused Amy. Your little safety rug is in danger of being pulled from under your feet!
Don't worry about whittling on - we're to support you.
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
