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Posted: Tue Nov 13, 2007 5:43 pm
by poowits
We are currebtly in the process of an IVA but it has been going on for 8 months and now-even though we have been giving the practitioners all the info we recieve- we now have a judgement- why has this happened?
Also, which paper would bancruptcy appear in if we are left with this option? (we live in Cornwall)
I feel completely bewildered and frustrated, we have done everything possible to get this sorted and it just seems to be going on forever. We chose the IVA route for our own peace of mind and were really forced into the whole situation when my husband was made redundant three years ago. We have just kept on going but couldnt make the payments any longer last march.
Posted: Tue Nov 13, 2007 5:57 pm
by ray_a
Hi poowits
Sorry to hear about your situation.
Could you give us some more info especially if you have been made bankrupt!
Posted: Tue Nov 13, 2007 7:00 pm
by MelanieGiles
Why on earth is it taking this long to sort out? Which firm are you using and what are the reasons for the delays? Is it not time to move to a more proactive firm, rather than seeing bankruptcy as your only solution?
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
Posted: Tue Nov 13, 2007 7:00 pm
by Cybus
I interpret your post to suggest that you are considering but have not yet entered in to an IVA? If that is the case ...
Has the IP determined that an IVA is the right course of action for you to take ?
I would contact the IP and ask him to pull his finger out ... 8 months is way to long a period to be lft hanging on. Has any reason been given for the delays you are experiencing? I would have expected them to have been a little more on top of what was going on if you are forwarding everything on to them. As such they should have told you exactly what they required from you in order to apply for an interim order, which could have prevented a CCJ.
Unless there is an Interim Order or a Voluntary Arrangement in place, your creditors can continue any court actions they see fit to recover the monies owed to them. The Interim Order would have caused the Court proceedings to have been temporarily halted, pending the outcome of a meeting of creditors.
Tell it like it is.