well i recived my proposal and it reads grim[B)], when i read through it it made a lot more dawn on me a damm i feel stupid ..
but on the positive side at least im sorting it out and trying the iva route as br would of been a lot easier and cheaper i think but i didnt want to run away from my own mess... and ive found out who my ip is aswell judy mooney.
oh well just wait for them to be collected and onto the next stage
Keep positive that you are doing the right thing by offering to repay creditos some money, apart from going bankrupt where they may not receive anything.
You shouldnt feel stupid. You're not the first and you wont be the last. The main thing is that you are now doing something about it.
It takes a lot of guts to admit you are struggling.
Don't feel stupid - you are doing something to sort it out.
Make sure you read the proposal thoroughly, and once it's gone it won't be long until you get a meeting date.
Good luck and don't forget we are here for you.
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
cheers all ive just come off the phone with my iva company and asked he couple of questions i thought of when reading the proposal..
the main thing that makes me feel stupid is realising that i could of stopped this from happening a year ago but by sticking my head in the sand and plodding on using credit to pay for credit made it worse...it wouldnt be as bad if i didnt help by advising mates etc and actually getting them out of it, when i was blind to my own problems..
oh well the only way is forward you cant dwell on the past -- keep positive 5 tight years will not be that bad and its better than losing everything at least im on the road to recovery...
i do feel better by going the iva route as even if my proposal got rejected at least i know ive tried to repay as much as i can.
Hindsight is wonderful Simon but do not blame yourself. People make mistakes and people have unfortunate events happen. If your IVA is rejected you can hold your head up high and it does ask in the bankruptcy papers if you proposed an IVA which was rejected by creditors. I am sure you will be fine.
i hope so michael -- i really want the iva over the br though so i do hope that its accepted... the dividend is low though 13p but in br it works out to 1p
Don't feel stupid Simon, you've only done the same as many of us on here. The main thing is that you have taken your head out of the sand and you are now doing something about it.
cheers. tbh ive learnt loads by reading the posts on here over the last few weeks. and its helped me understand and make the right decisions i think well hope so anyhow. 6 weeks ago i thought i was going to lose everything including my self respect but now i feel that someone has put 50p in the meter and the light has been turned back on at the end of the tunnel
Simon, I think we've all felt similar feelings embarking onto an IVA, however the relief it brings far outweighs that feeling and I truly hope you have a smooth journey.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Simon - I was exactly the same as you even to the extent of fetching money out of the cashpoint to go straight into the bank as my monthly paymwent. How bad is that?
Your IP is obviously confident that your IVA will be accepted and your creditors should appreciate the fact that you are doing something to pay them back rather than going BR when they will get nothing.
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
