www.iva.co.uk

I was just wondering what other people's thoughts were on this.

In the paper yesterday, a well known famous person has got themselves into some bother with the tax man and (apparantly) is going to get an IVA.

Now according to the paper (and I know they're not particularly reliable), this persons earns upwards of 1.5 million a year.

It gave a breakdown of this persons outgoings, and it seemed to me that if they got rid of the ridiculously expensive cars and moved to a cheaper house and stopped spending money on parties and certain illegal substances, they would clear their tax bill and leave themselves tons of money to pay of their loans, etc.

It just seems unfair that someone who earns this amount of money would be able to get an IVA and continue with their lavish lifestyle when others who aren't so fortunate can't and those that can have to scrape by.

What do you think?

Johnz

Please tell us which person are you referring to?

kerry katona??

Welcome back Gaborkiraly - I remember you from my first days on the forum! How are things going 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/

http://www.newsoftheworld.co.uk/1811_kerry_katona.shtml

And doesn't it make an IVA sound easy? I really don't believe she is insolvent - I think some downsizing might be called for!

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/

Skippy13 wrote:

Welcome back Gaborkiraly - I remember you from my first days on the forum! How are things going 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/

yes things are going ok for me ive just done my 1st full year in my iva and had my yearly review i just cant believe a year has flown by already how are things going for you??

Not too bad thanks, although my IVA failed after 4 months and I'm now bankrupt with just over 4 months to go until I'm discharged! I'm glad everything has worked out ok for you and good luck with the next 4 years!

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/

I'm normally an easy going person but people like Jade Goody and her completely do my head in

'Next week in Reveal, find out exclusivly what Kerry's favourite colour is blah blah '

She might be in a for a shock when she does her I+E form [:D]

or if she tries to pass these off as modest cars

' Then there's £4,000 a month HP payments on the couple's £100,000 Aston Martin Vantage, £135,000 Lamborghini Gallardo, £80,000 Porsche 911, £55,000 Mercedes saloon and £20,000 Chrysler Voyager—plus running costs. The insurance bill alone is about £30,000 a year—and premiums will rocket following the couple's recent burglary.
'

To be honest i nearly choked on my cornflakes when i read that article,but it was the news of the world my other half only buys it for the sport,other wise if it was down to me it wouldnt get house space.

Tracy

Wether we can believe it all, hardly eligible i think for a IVA, we would all love fast cars luxury holidays.

imagine her accountants know too well what to do, to avoid paying as little as possible

Sounds like a PR ploy to me - watch out for "my debt hell" exclusive interview, for a fee which should easily cover her tax bill.

Even if there is a kernel of truth in it, it goes to show - earning more money doesn't necessarily solve your problems!

I read it, but not in much detail - didn't see that an IVA was mentioned. Surely, a bit of financial juggling would see her able to pay her debts. But then I suppose maybe she is just like us, except on a much larger scale! But I definitely agree she should be made to "downgrade her living style".

You know what if i had even one of her cars... i could sale it and offer a Full and final. Dont mean to sound horriable - but like it was suggested befoer ... its all just PR.


lulablog.blogs.iva.co.uk

In my career, I have dealt with one or two famous people (no names please!) and at the end of the day debt is debt, and just because they are celebrities doesn't mean that they should not have the same options as others. What suprises me is that this story has been made public, so you do wonder about whether it is all genuine or not.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

I agree with Melanie....my debt was matched (in a way) to my lifestyle...and hers is to hers....I aint a fan of these so called (do nothing) celebs but do think that if its true it cant be nice having it all over the press....i would have hated my finacial problems all over the papers.



Angie xx


My IVA Story......http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/