Going to court tomorrow

[Cath]

Amy, could you not hold on until the term after your child is 3 and benefit from the free sessions then? It would save the fees for a few months.

[Julie]

Amy - there are cons depending on your job, equity in house etc....with BR. There's also the moral issue, which to be honest was a massive thing for us.

Knowing that we had paid 18 months into the IVA and paid circa £12k relieved the pressure of going BR.

The pros for us: solely that there was an end in sight.

Feel free to email me for more support xx

[amyc]

I was hoping to do that but there a hardly any clubs or groups for children where i live. he was going to a club called messy makers but that was cancelled. so he does not really have any time with other children. want him interacting with other children asap really to try and develop his communication skils. i know it sounds daft but he ony has interaction with adults and i feel really bad about it.

[kallis3]

Amyc, I personally think that you should go BR.

You are struggling, it's not good for anyone. You have tried your hardest and going bankrupt will draw a line under your debts and you can start again.

You will be able to get a mortgage at some point in the future.

Think of yourselves and your family. You are most important!

[Julie]

I agree Jan - as much as I prefer everyone to try and enter an IVA there are some instances when BR is the best option. Amy, you have endured so much and deserve a good future for you and your family.

[amyc]

thank you all. i might ring and speak to iva company for some advice. how do you get the bal rolling regarding bankruptcy. x

[Julie]

You need the fees to be able to pay for BR Amy - currently just over £5oo per person. If you have these, the phone your local court and make an appointment -some have a waiting list!

You will then have to complete a statement of affairs, which can be done online.

You have to make the decision if BR is the route for you,we'll support you all the way [;)]

[amyc]

thank you its good to know the facts even if we dont decide its right for us. any idea how much you are expected to pay whislt in bankruptcy. do you stil have to make monthly payments. sorry if that sounds daft just getting differen info from every website i look at

[kallis3]

Firstly, you need to let the IVA fail by missing three payments. Save this money up as BR will cost you £510 for court fees, and that is per person.

If David hasn't been able to assist, then I would just let it run its course. As soon as the IVA has failed then you can file for BR.

The forms can be filled in online via this link:

http://www.insolvency.gov.uk/doitonline ... nemenu.htm

and we will assist you if you get stuck!

[Shining]

all the best Amy in whatever you decide. x

[Julie]

The monthly payments depend on your disposable income - you can expect to pat upto 70% of your disposable income for 36 months.

If it helps - hubby proposed to pay over £500 per month into IVA but his IPA is £150 per month.

At the end of the day you have tried your best and there is no shame n going bankrupt.

[amyc]

thank you lesley x x[:)]

[Shining]

Have you had a read of Skippy's blog, it's very informative, just a thought might ease your mind a bit. x

[Scott72]

I was in an IVA from Jan this year and realised it was not the best option for me. I filed for bankruptcy this week and the Official Receiver has been great with me. It was more like speaking to a counsellor than someone tasked with seizing assets. I really wish I'd never started the IVA.

[Julie]

Scott sometimes IVA's are not the best option....why did you think the iva wasn't for you?

As a supportive partner in IVA and BR I've seen both sides of the coin.