Do not panic about the tax as if you owe them it is a debt and if they owe you it would either be offset against any other Crown debts or offered to the IP for the benefit of all creditors. Ensure that you have a full list of questions for your meeting and as Melanie says this has to be done face to face. Agree to nothing until you are 100% clear about the procedure and we will help here all we can.
Hi and welcome Thunder.[:)]
First of all, please don't apologise for being in a panic...we have all been there, and we know how it feels. You are in the right place now and that is all that matters.[:)]
Secondly, it is wise to get a few opinions on you situation, and the possible solutions, of which there is one for you, honest.[:)] As Kallis has said, check out www.iva.com and I would also suggest you look at who has been advising you here already, our resident Ip's are very highly recommended and you would not be steering in the wrong direction if you contacted them for more personal advice. [:D]
Never take a moment or a loved one for granted in the blink of an eye they may be lost forever.
I'm surprised Gregory Penn gave you that sort of advise, I've been dealing with them for about 2 years now, firstly with DM and now with their sister company for my IVA, all along the way they have been helpful and given straight forward advise.
The lady got quite short with me at times and insisted I would not get bailiffs calling or CCJs and my husband has even phoned her and she continued this line of information. Plus She would not disscuss IVA with just dismissed it straight away and said nope you are self employed no point talking about it. That is why i sounded I right wally when I sain to the lady at payplan oh I cant do an IVA and she was a bit shocked....lol we learn to look around it helps...lol
The advice everyone on here has given you seems very good to me. If you have a good IP, they should explain everything to you and you shouldn't get confused. Go by your gut feeling, if what your IP suggests doesn't feel right, talk to someone else.
Personally I would contact one of the professionals who has been posting on here. It would make sense to talk to someone who specialises or has experience in self-employed cases.
There may be different solutions to your problem, and you won't find out about them until you talk to someone as eveyone's case is different. You will need to decide which is the right one for you. You must feel happy about what you agree to.
I'm so glad we talked to another IP - we nearly lost our house, now we won't.
"It's better to be in control on a small budget than to be out of control on a large budget."
You have received very poor advice from the firm you have been dealing with, who clearly do not understand self-employed cases if they are telling you that you cannot propose an IVA.
I really do recommend that you take an alternative opinion - it won't cost you anything but you might be suprised at how positive some IPs can be.
Ok as a further developement to my confused status I at an even worse state as I ahve had some great advise on here and the girl called me again from Gregory Pennington to see what I have decided. I put to her my concerns and she is still adament that an IVA will not be an option for me. Her reasons that 1 i am self employed and 2: 6k is too much equity to have in my property and the IVA will not work and I am now being misslead.
Also I said that I really am concerned about a DMP as I am worried about CCJ's and debt collectors as Payplan mentioned that this will still be a possiblity even though I am doing a DMP, GP are still convinced I will not get any and this is down to them being part of DEMSA. Is this the case does any one know.CONFUSED>>>>>>
From what I know about IVAs they are talking rubbish - IVA's originated for the self employed! I don't see how she can say you've got too much equity either - unless the equity is more than your debts (meaning you're not insolvent) this shouldn't be an issue.
I would definitely recommend taking advice from a couple of other IPs. As the others have said have a look on www.iva.com, or alternatively all of the IPs who post on the forum are highly recommended.
I think that this firm's IPs would probably be embarrassed to hear the advice that their staff are giving out. It is up to you who you use - personally I would go and take advice elsewhere from an IP who can stand behind their professional reputation.
Thank you I have sent an email to you Melanie and hope you are able to have a look. I am still in am just getting really wrried that things are going to take ages and dont want my children to affected, why I am so worried about debt collectors etc calling.
Hi
Really poor advise from GP, given the info that you have supplied, and it seems that their only aim is to steer you down a DMP.
This is where the DMP market needs close regulation to ensure that best advice for the consumer is ALWAYS given.
Regards
It is professiional help from a professional firm you need as what you have been told by GP is utter bunkhum!!!!
You need to have a chat with an IP and give him/her details of all your personal and financial circumstances and particulars.
Visit www.iva.com for reviews on firms and practitioners and select one or two to have a chat with.
They will give you the appropriate advice and it is free.
Yes if you go into an IVA you will need to see the practitioner for a face to face meeting - but that is early days yet - all of your financial details both personal and private are needed to be assessed first. Good luck.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
