I could not agree more - Paul should be a counsellor - he would do a much better job than some I have read about. This is no exagertion - my PP told me of a debt counsellor in the Diocese of a fellow priest - she is a young woman in her very early twenties - turns up to the office in a rich part of the town in a new jaguar sports car. The young lady may be very good at her job but she should not flash her obvious wealth about when working. Also, again no exageration; my PP was in \london on Wednesday on the tube he heard two men discussing what to buy their respective daughters for their 21st - one said he was buying his a flat in France; the other an apartment in Belgravia - how the other half live!!!!!
I don't begrudge people their money, and if they choose to buy their children expensive gifts then so be it - providing it's not on credit. The sad thing is the children won't know the value of money, but good luck to them as far as I'm concerned.
I like to have nice things, and if I had the money I wouldn't be driving a Fiesta, I'd be in an Aston Martin!!!
Last edited by Skippy on Sat Apr 25, 2009 9:25 pm, edited 1 time in total.
I have to say that I do agree with Skippy. If you can afford to buy expensive things then why not? I know I would.
I also wouldn't dress down to go to work, especially if I worked in the rich part of town.
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
Equity clauses can be excluded provided that there are valid reasons such as age of debtor, health reasons, old relatives living with you etc etc. Swardean - dont worry all matters are in hand and there should be no problems.
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.
Just re-read my post and it looks like I have a cant be bothered attitude to the IVA which really is not the case. I desperately want the IVA to succeed and David's team have done an excellent job arranging all this for me. But if it does not aget greed then the alternative of bankruptcy after all is not as bad as I originally thought and if that is the route for us then so be it. There is a solution for us wether that be iva or br we shall find out very soon, but iva is preffered option. The point I am trying to get across is that worrying is not going to make any difference to the outcome. All worry is going to do is make me ill so I am not going to do it. Concerned I may be, worrying I am not.
IVA.co.uk The best place for debt advice. Thanks to Melanie Giles, David Mond, David and J (Elv5) Kallis, Dand, Skippy, Andy Davie
I didn't read it like that at all Paul. I read it that you've got a down to earth attitude about the IVA, and appreciate that there are other solutions out there.
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
Further to my previous comments baout how bad GP have been in advising me there was something else in our conversation that really has niggled me all night and just wondered if any one else has had any expreience with it. As we are concidering going down the IVA route we got told I cant do as self employed and I have 6k equity on my house but that still leaves me well in debt.Well I have learned from on here that this is notthe case. So the other reason she said I could not apply for the IVA would be that I would be waisting time as a good proportion of my debt is to MBNA and they do not agree to IVA's so I will be thrown out any way. Now I know I need 75% to agree but she is saying that they dont agree full stop to an IVA.... Has any one found this as I am really getting to the point where I think she gets commision if she gets me to take out a DMP, which she has said is my only option.
MBNA do not turn IVA's down as a matter of course as far as I am aware.
Please give another company a ring, the one's who post on here, and whose details can be found under the experts link on the left hand side of the page, come highly recommended and you will get free and impartial advice as to all your options and won't be pushed into doing anything.
When we first started going down this route we were told that bankruptcy was our only option - and here we are 12 months into an IVA!
It pays to shop around and be totally happy with the company you choose.
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
MBNA also finance Virgin - Richard Branson is on record as saying that people in financial difficulties should be given help. Have MBNA been co-operative with Virgin's debtors?J
Hi
Generally MBNA prefer to decline an IVA if they can receive their money back in a ten year,or less, DMP. For example if you owed them 20k out of a total 50k unsecured debts and your DI was £400 their share of the debt and DI is 40%, they would receive £160 each month under a DMP, over ten years this would be £19200, similar to the amount owed, it is therefore quite possible that they would reject an IVA.
Like most parts of insolvency nothing is set in stone and Melanie or David may have a different view.
Regards
