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migmash
Starting Member
United Kingdom
25 Posts |
 Posted - 29 June 2009 : 09:42:11
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| Hi, just reading someones question regarding negative equity, and paying £1 to a friend/relative BEFORE seeing the OR is that possible?. And it mentioned that the advice was from an IP?! What or who is an IP?. |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 29 June 2009 : 10:45:31
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| An IP is an Insolvency Practitioner. They are professionals who work for companies that deal is assisting people who are insolvent. They can advise on the best course of action (IVA, DMP or BR) if you are having problems paying your creditors. |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 29 June 2009 : 11:42:56
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quite a few of them offer free impartial advice, they arent sales people and will offer some great advice
Stu J Byron |
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migmash
Starting Member
United Kingdom
25 Posts |
Posted - 29 June 2009 : 12:07:21
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| Many thanks for replies. We were also wondering when to stop trying to keep finding our o/draft payments of £300 interest per month, on a £20,000 o/draft??! I have heard people say that you WIND-DOWN? the company, as it is Limited, and don't have to get in touch with companies house at all ?!! to explain our predicament. Just wondered if anyone had done this, or knows of any correct procedure? Cheers. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 29 June 2009 : 19:24:37
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All reputable IP's offer free advice initially, and it will help to sort out the right route for you to take.
I can't help about the company though - hopefully one of the experts will be able to assist with that.
The glimmer gets brighter all the time
Jan
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 29 June 2009 : 19:25:50
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Hi
Why dont you post on the iva.co.uk website, their are some excellent IPs on their too.
Stu J Byron |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 29 June 2009 : 19:37:35
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I'd recommend visiting www.iva.com where you will find a list of companies and reviews. You can at least pick and choose who you want to ring.
The glimmer gets brighter all the time
Jan
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What or who is an IP?.
