www.iva.co.uk

Posted: **Fri Aug 03, 2007 2:26 pm**

Hi i posted a message earlier this week explaining how ive been off work for a number of weeks and how i couldnt aford to pay my IVA due to being on reduced wages.I spoke to someone at my IP'S office today who informed that if its not paid they can carry it over until next month or pay extra every month until the missing payments have been made up. Has i have no definite answer has to when i will be returning to work.I was signed off for another month yesterday i cant really commit to the extra repayments..I own no assests and i have been advised by friends to go bankrupt has i own no assests...But my IP dosent think this is an option..Anyone Help?

Posted: **Fri Aug 03, 2007 2:46 pm**

Hi Wyn, did your IP give you any reasons why s/he didn't think that BR was an option for you?

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

Posted: **Fri Aug 03, 2007 3:46 pm**

Hi wyn,

I would try to speak directly to the IP and not with someone in the office just to make sure thats the best solution for you.

Regards,
Michelle P.

Posted: **Fri Aug 03, 2007 4:52 pm**

Hi
Bankruptcy is an option for everyone if they are insolvent.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Posted: **Fri Aug 03, 2007 4:56 pm**

Absolutely - for the cost of £485 you can apply for bankruptcy at any time whether you are subject to IVA proceedings or not.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Posted: **Fri Aug 03, 2007 10:34 pm**

Hi the person i spoke too at my IP'S office. Didnt mention any bankruptcy as an option at all.If i decide to file for bankruptcy how do i do this as my IP has all my paperwork etc..

Posted: **Fri Aug 03, 2007 10:35 pm**

Yes - you will need to make the application, but you can request any documentation from your IP which you might need to fill out the forms.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Posted: **Fri Aug 03, 2007 10:38 pm**

If the things are so bad and life is hell, then Bankruptacy may be the thing.

hara

Posted: **Sun Aug 05, 2007 10:18 am**

The only reason I went for an IVA over Bankruptcy was I would lsoe my security clearance which would mean losing my job.

Do not be worried about the stigma thing its only money after all.

Posted: **Sun Aug 05, 2007 1:51 pm**

Don't worry about the so called stigma of BR - I have only had a couple of negative comments, and even they weren't too bad. The BR announcement is published in the local paper, but in my local paper it's a tiny advert at the back of the paper near the adverts for massage parlours!

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

www.iva.co.uk

Cant afford my IVA payment