Thanks for that info, its just that I feel so in the dark about everything. I have heard absolutely nothing from Picture Finance, they have not even sent me letters about non-payment! The last I heard from them was a good few months ago now and that was just a message from our estate agent saying they MAY consider allowing a sale if we agreed not to propose the IVA! There was no more explanation or anything after that.
I have all my papers for the IVA proposal and will give these to OR when we file for bankruptcy as it will show exactly what we were trying to do. Yes, if Picture had agreed a sale very early on, we would have tried to IVA, they would have received about half of what they were owed from the sale of the house and the rest would have been made up of IVA payments, but it was not meant to be, I think Picture’s reasoning was that maybe they wanted us to pay them as normal and do a DMP for our other debts, but I am only guessing here as I have had no communication from them. Unfortunately, now in bankruptcy, they will probably get nothing, we will probably not get an IPA as I have now resigned from my job in the NHS, I just cannot cope anymore and feel at breaking point at the moment. My job contract was only to run for another year and then I would be unemployed. I only took the job because we had such a huge mortgage and it was far too many hours than what I had wanted.
I have decided to do without my car and job and just focus on my family for a year or so and then when all this is over and I feel stronger, I will look for a job then.
