| T O P I C R E V I E W |
| sharkattack |
Posted - 15 June 2009 : 19:02:08
saving up to go b/r Miva failed so sooner than later my creditors will get to know.How do i handle this.Do i say am going b/r or do it later |
| 5 L A T E S T R E P L I E S (Newest First) |
| leakie |
Posted - 16 June 2009 : 22:02:08
Hi all
May be I was lucky that I did not have to pay for the BR My IVA failed and they took me to court, the only one that wanted my IVA to fail was HMRC
all the best
Leakie |
| Niobe |
Posted - 16 June 2009 : 16:29:33
I think you would be right there Hallway!
Best way is to save the iva payments.
The glimmer gets brighter all the time
Jan
xx |
| Hallway123 |
Posted - 15 June 2009 : 23:21:55
Kallis I had this clause in my iva, but when I phoned I was told what it actualy meant was that a creditors meeting had to be called and that would take at least 3 months.Then it was up to the creditors to decide wether they wanted to make me bankrupt or have the money themselves,think I could take a good guess and say they would want the money themselves,so I just used iva money and paid for it myself. |
| Niobe |
Posted - 15 June 2009 : 19:18:55
Was there a clause in your IVA which allowed for any fees to be retained for bankruptcy? Some people do have that.
Otherwise, even though creditors can petition, it is unlikely as it costs them a lot more than it does you.
The glimmer gets brighter all the time
Jan
xx |
| sjbyron |
Posted - 15 June 2009 : 19:17:37
Hi
Be Honest with them, say that you are considering Bankruptcy in the next couple of months,
Some creditors petition for a debtors bankruptcy so if this happens, it saves you the fees.
Best of Luck
Stu J Byron |
