i have recived a notice of breach of my iva due to having our house repossesed and the short fall from the sail of the house having to go into the iva.my question is what is likely to happen now
Welcome to the forum. Work with your IP to eastablish what can be done. Was your IP aware of the house situation and the likelihood of it being repossessed - if so there may have been provision in your proposal documents to accomodate what happens - depending on when your IVA started and how long left etc, you may find considering bankruptcy is an option for you ----- come what may your IP and you need to work together on this.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Glassman49 I'm sorry about the situation you find yourself in and hope your IP can help you. If you say which company you are with they may have a representative on this forum who can advise you by email?
Oscar
need to smile today? go on check out my blogs - I'll add to them regularly
Our IVA's over YIPPEE unbelievable!Seems like yesterday it was approved despite everything
Your IP needs to be the first point of call with what happens next, but a breach does not mean to say its over & your back to spuare one. Please get intouch with your IP to put your mind at rest & to see what happens next.
Good Luck & please let us know how you get on x
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
oscar wrote:
Glassman49 I'm sorry about the situation you find yourself in and hope your IP can help you. If you say which company you are with they may have a representative on this forum who can advise you by email?
Oscar
Have you spoken to DFD yet? You really need to speak to your IP.
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
spoke to dfd 3 times last week.the first time was to ask them what was happening about the letters i had forwarded to them in july of this year regarding the repossion short fall on our property and the repayment demand we had received from our second charge lender(picture finance)it was after the first phone call i got an email informing me of the breach notice.the second phone call was to ask them about the reasons for the breach and what will happen next.and the third call was to ask to be kept informed in detail
We do have a poster from there on here - Declan. He's not been around for a while but his contact details can be found under the 'Ask a Question' link on the left hand side of the page.
Send him an email with your details and I'm sure he will be able to help.
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
Declan is definately the man to contact.... will try and keep this bumped up for his attention... is it possible one of the Adminstrators can add Declan's name to the post title... it will make it easier for him to pick up on then. Not sure if this is allowed or not.
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 Glassman
Apologies, this is the first time I’ve picked up this thread. I’m more than happy to look into this for you. If you could kindly forward me your details, I will look into this as a matter of urgency. My contact details can be found in my profile.
