Hi there Colin and welcome to the forum,
I am sure someone will be along shortly to answer your question as I am no expert. Would you be in a position to maybe offer a F&F with your wife's redundancy as maybe this could be an option for you

Thank you so much everyone :-) Hubby has just been on the phone with GT and they have agreed to stop the IVA payments from now until he receives his redundancy pay in March! And then we have to pay over 37,910 for 100p in the pound. I cant tell you how good it feels to be able to pay back our debts ...

To be honest, after weighing everything up last night, with the current situation the MOD is facing it can only be a good thing. He was due to go to afghanistan early next year and now he wont be going! That more than makes up for his redundancy in my eyes. We are not by any means expecting the road...

Its official, hubby has been made redundant! so onward and upward. Just need to repay our IVA in full now and start living our debt free lives...... I must say we are happy about it, now we know where we are! The kids are jumping around as pleased as punch because daddy wont ever be leaving us again...

Hi there karol,
Thank you so much for your reply. What is the criteria for paying statutory interest? Its all a little confusing

Thanks Jan will do xxx

Thanks so much kaykay. To be honest we are at a point where we dont know what the best outcome of today would be. We are looking at that response positively though, because at least we know either way we will get through it. If he gets redundancy then its positive in that our children will never hav...

Hi Animal and a warm welcome to the forum. Just wanted to say, you are not alone, we have all been where you are now in our own way, and know what you are going through but there will be answers and a solution for you, so hang in there and know someone is always here to help x

Hi melanie, Thank you for your reply. We couldn't really understand the requirement for a variation meeting when paying the full amount either. When we were told that the full amount owed was 35,000 we checked with them whether this included fees and interest and was told a definate yes. We will kno...

You will soon be on your way to a debt free future. Never feel hopeless, we are all in the same position and there is always someone on here who can help, they have helped us through some lonely times. Goodluck Roma and dont forget to let us know how its going xx

Congratulations xx

Hi there Roma
I just wanted to offer you a big warm welcome to the forum, and to wish you every luck with your IVA application. Everyone on here is here to help. Just keep asking about anything you are unsure of xx

Congratulations Janez thats brilliant news!! hope its good news for you too lali. It seems like yesterday that we were in your position, and I must say I dont know where the last 4 yrs have gone. One thing you will notice is the reduction in mail

Will be keeping my fingers crossed for a posirive outcome for you

Sorry Paul, forgot to say his exist date will be march 31st, so plenty of time to sort things out. I am just a worrier when it comes to knowing what our plans are under each scenario, must learn to take each day as it comes x