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Sue.123
Starting Member
1 Posts |
 Posted - 30 March 2011 : 09:17:28
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| We have had an iva for 2 years with debts of 75000, we now have a tax bill for 13000. We own a house worth 180000 with a mortgage of 141000and a lorry worth 10000. Would it be best to go bankrupt? |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 30 March 2011 : 10:15:46
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Hi sue
not without guidance
if in an IVA it would be appropriate to speak to your provider first and establish if they have a specialist bankruptcy department or can review your payments.
your whole situation could be complex,(lorry , house, 1 or both of you to go BR, income) i would encourage you to make contact with one of the experts direct (tab to left) who can then run through options for both of you.
Richard
Good Luck Richard,
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 30 March 2011 : 11:18:18
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Hi Sue,
Please speak to your IP in the first instance, they may be able to help you. It would be a shame for your IVA to fail after two years. You'll be back to square one and your credit rating will be shot for a further six years.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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We have had an iva for 2 years with debts of 75000
