Hi there, due to losing my job twice in a year, our interlocked IVA is in breach and we are just awaiting the failure confirmation. We have booked a date for BR for 20 July. As a result of IVA breach our creditors have been informed and we are currently being hounded by Egg, and have just received a letter from their solicitors saying to settle debt in 10 days (which will be 6 July) or they will proceed with a claim, resulting in a ccj and incurring us with the cost of doing so...........will they have enough time to get this through before we go BR. Any advice is most appreciated....this additional worry on top of the BR and trying to find a job so we can pay mortgage (in neg equity) is the last thing we need...we tried to do the right thing with IVA, which was as a resulted of redundancies and severe drops in income, and since IVA, the pattern has repeated...just hoping the 20 July is the start of a brighter and more positive future....sorry for going on everyone but know you all understand as have been or going through it with us.
my iva failed last year still trying to save up for bankrupcy fess hard as am on four day week and losing 20% of pay iva is ok for some but i couldn't really afford it live in rented house now no car get a lift to work told creditors have no money as of now have not heard anything they will keep trying but cant get blood out of a stone
If Egg apply for the CCJ on the 6th then it is unlikely that the court date will be before the 20th. This may be a ploy by them to get you to pay the money and they may not even follow through.
If they do get a CCJ there is a section on the SOA that asks whether there is a CCJ outstanding and you should put the details in this section. If you don't get the details before the 20th then you can mention them to the OR either during the interview or whenever they arrive.
Don't worry you have tried your best to get out of your situation by having an IVA, which is a plus point with the courts/OR and the CCJ will be included in the BR.
Any advice Please..IVA failed, going BR.
Posted - 30 June 2009 : 20:56:18
