HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post

 All Forums
 archive
 bankruptcy postbag for march
 could you suggest anything as i am very worried

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

Screensize:
UserName:
Password:
Format Mode:
Format: BoldItalicizedUnderlineStrikethrough Align LeftCenteredAlign Right Horizontal Rule Insert HyperlinkInsert EmailInsert Image Insert CodeInsert QuoteInsert List
   
Message:

* HTML is OFF
* Forum Code is ON
Smilies
Smile [:)] Big Smile [:D] Cool [8D] Blush [:I]
Tongue [:P] Evil [):] Wink [;)] Clown [:o)]
Black Eye [B)] Eight Ball [8] Frown [:(] Shy [8)]
Shocked [:0] Angry [:(!] Dead [xx(] Sleepy [|)]
Kisses [:X] Approve [^] Disapprove [V] Question [?]

 
   

T O P I C    R E V I E W
daved1 Posted - 11 March 2008 : 22:33:24
hi i entered into an IVA in may 2004 and it lasted until 2007 which then i was un employed and was told that my IVA was failed and was told to consider bankruptcy, i became self employed as a driving instructor in February 2007 until November 2007 then my buisness came to an end, i started working in November on a temporary contract until April 2008, by the time i pay my monthly outgoings i am left with around £65 and that is still not paying my debts that were included in the IVA, my total debts are around £26,500.
could you suggest anything as i am very worried
2   L A T E S T    R E P L I E S    (Newest First)
Helpful Advice Posted - 12 March 2008 : 16:40:23
Hi Daved1,

I second what Paul is saying, dependent on your assets maybe Bankrupcty is the right course of action to concider

Kind Regards,

Brett

View my Blogs at:

http://HelpfulAdvice.blogs.bankruptcyhelp.org.uk/

Bankruptcy Specialist

England,Jackman & Spacey

WebSite www.ejands.co.uk
Reviva UK Posted - 11 March 2008 : 23:07:16
Hello daved1 and welcome to the forum.

Interested to see if you have any assets that would be an issue in bankruptcy such as a car, house etc.

If so please advise on what their values are and if there a morgage / finance on them.

Assuming that driving school provided a car and that you don't have a property it would seem that an IVA or DMP is not possible because you have insufficient disposable income to make them viable.

Unless you have a family member that can contribute a lump sum ( 15 - 18k) then it would seem that bankruptcy is a viable option for you to finally draw a line under the issue and start a new life.

You can optain the court forms from the court or download them via the interned ( debtors petition & statement of affairs ) you also need to pay a court fee ( cash on the day) of 485.



Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com

bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06