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Posted: Tue Oct 14, 2008 7:13 pm
by wobly123
if my house is in negative equity and i cant afford the payments on both my iva and mortgage who would benifit from makeing me bankrupt and in this present climate would any body bother
Posted: Tue Oct 14, 2008 7:35 pm
by Adam Davies
Hi
Always keep up with your mortgage payments over your unsecured IVA debts.
Unsecured creditors are unlikely to make you bankrupt due to the costs,you may be ale to reduce your IVA payments or go onto a debt management plan.
Regards
Posted: Tue Oct 14, 2008 7:46 pm
by kallis3
Wobly, are you having trouble with making payments towards an IVA? If so, you need to speak to your IP.
Bankruptcy will always be a last resort for creditors.
Posted: Tue Oct 14, 2008 7:47 pm
by David Mond
Speak to your Supervisor and explain your predicament. His/her firm might be able to offer you going onto a DMP. But most important keep up your mortgage payments. Possibly (depending on your age) you might be able to convert from a repayment mortgage to an Interest only one - giving you a breathing space of more DI per month. Discuss with your IP.
Posted: Tue Oct 14, 2008 8:12 pm
by MelanieGiles
Do you have any equity in your property based on a current valuation?
Posted: Tue Oct 14, 2008 10:16 pm
by wobly123
in answer to the question i have no equity as to the interest only my mortgage company was northern rock my fixed rste ended and my payments went from 600 to 765 tis along with all the other increses ie electric gas council tax etc is causing me real problems .i have tried talking to blair endersby who always promise to come back to me but guess whgat they never do.
Posted: Tue Oct 14, 2008 10:21 pm
by plasticdaft
Try getting in touch with your IP directly,use
www.iva.com to look them up,much better that talking to an organ grinder than a monkey as they say.
Posted: Tue Oct 14, 2008 10:21 pm
by kallis3
Blair Endersby post on here, so hopefully they will see these posts and contact you via the site.
Posted: Wed Oct 15, 2008 8:02 am
by David Mond
You did not state whether your mortgage was a repayment one or interest only one?
Posted: Wed Oct 15, 2008 10:17 pm
by Blair Endersby
Please get in touch with us by email at
IP@blairendersby.co.uk, please quote your full name and refernce number. Your case
will be looked at and I will also investigate why we have not responded to any contact you have already initiated.
From what you have stated I believe it will be relatively easy to identify the options open to you. I can assure you that as a company we are totally committed to helping you resolve situations just like this - if we have led you to believe otherwise I apologise.
I look forward to hearing from you.
Andrew Wisedale
Operations Director