Really pleased for you Kazza and I'm sure your creditors will have done their business a world of good by not accepting your IVA, after all I suspect they will receive the square root of 0, instead of allowing you to live and support your IVA which would of returned a hell of a lot more.
Hoping to get an IVA myself but if it's not accepted then I'll be going down the same route as you, not out of choice but pure neccessity.
You are right to be happy with the result and dont get me wrong, I prefer to see people repaying as much as they can and taken responibility for their debt, however, on this occassion the creditors cut off their nose so to speak and at least you tried the "sensible" approach!
Good luck Kazza!
I came into this world with nothing and still have most of it left!
You can relax now knowing that you have done your best, and you are now debt free.
Good luck, you can move on now.
Don't forget your friends on here though![:)]
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
Glad to see the judge gave you credit for attempting an IVA and hopefully the OR will take it into account when deciding on the IPO. I would put down everything on the expense form and teel the OR that you were prepared to forego holidays, socialising etc for an IVA but since iot was rejected you are not prepared to make the same sacrifices.
It's so annoying that those of us in an IVA have to pull our belts in a lot more than those who are BR!
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
Good point Michael - I told OR at every opportunity that if the creditors hadn't been so greedy, hubby's IVA wouldn't have failed. I'm sure it was taken into consideration along with £12k we had paid into the IVA.
Kazza make sure you tell the OR how hard you tried to repay the debts.When is your first phonecall with the OR?
I'm sure you can put down for a domestic break. Read Skippy's blog as I'm sure there is something on there about it.
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
It does annoy me that we aren't allowed to claim for a break for the whole of the five years, plus the social side of things is a little lean as well.
Can never understand why.
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
I jst wanted to ask do you have to have a certain amount of debt to go bankrupt. Me and my partner were considering it but was not aure if we would be allowed. We are still so young, i know its our fault we got into fininancial mess but the way we are we are never going to be able to save for a deposit on a house or anything. Do they still put your name in the paper.
You can go bankrupt for debts over £750, so I think you would fall into that category!
It is unlikely that your name would be in the paper, the majority aren't now. It's down to the discretion of the OR.
Was David not able to help you Amy?
If not, I would certainly consider bankruptcy. You have tried your very best to pay your debts. Not your fault if you can't manage your IVA payments.
You will still get 100% support from this forum, and if you do decide to go BR we will assist you all we can.
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
hi there
Unfortunately our payments could not be made any lower. Still want to try with the IVA but just looking at other options as well. I know bankruptcy seems like easy option but thats not our reason for looking into it. We really want our own house and another child but everything seems to be worked around our debt. Like I said before its our fault but just thought we would look at all options.
You are not rambling at all. Thank you for your kind words. Our IVA is reasonable during the months when we dont need clothes or shoes for work, and clothes and shoes for little one and I am sure you know how much clarkes kid shoes set you back. I kind of feel that 2 and half year old son is being deproved because of our failures. He starts pre school in early next year and I have no idea how we are going to pay the fees for the first 3 months. I done all I could to bring costs down, contacting energy suppliers and buying value food but the axtra little treats for him here and there are just not going to happen.
