Home

Welcome to Debt Free Advice forum, please register if you want to post

Adverts for other sites and/or companies will be deleted



Posted by blue69tek : January 22nd, 2008

gone from bad to worse

hi i over a 6 year relationship managed a 32 grand debt i went into an iva and moved with the expartner and found hard to get work so couldnt pay the iva it all got really messy and ended up with the iva being termenated this happend about 3 months ago and i have not been told or heard anything till this week a load of letters come from a debt collector and demanding money i just dont have and i dont know what to do im to scared to ring them and really think that i was bankrupt after defaulting on my iva so can i now go bankrupt or am i stuck in a fight that i no i will lose i have no house or any belongings as live with family and dont know if this will affect them so please any help?? could really use some so really = 1) can you go bankrupt after an iva defaulting?. 2) will this affect people living at this address?
‹ View previous topic View next topic ›

Hello,

Have you had confirmation that your IVA has been closed down yet? If not then you may hear from the company advising bankruptcy as your next option. If you have had confirmation it has failed, and nothing else has been said then I would definately look into bankruptcy as your next step.
In answer to your questions, yes you can declare yourself bankrupt after an IVA has defaulted. The only person that can be made responsible for a debt is the person whose name is on the credit agreement. If you are living with family in a property that isn't owned by you then that house will not be affected.
Hope that has answered your questions.
Posted by: Debt Advice Tru...

hi

i have had confirmation that the iva has failed so who do i talk to about going bankrupt do i have to use the same peopel i used for the iva? as i see that going bankrupt is very serious for future do i have any other real options open to me other than paying the debt for ever? thanks for the answering the previous questions it easese my mind knowing it wont effect family
Posted by: blue69tek

Hello

If you can give us a call on the above number we will be able to recommend a company to help with all your queries regarding bankruptcy and also advise on the process.
Posted by: Debt Advice Tru...