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iv-tecman

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  1. Hi,I have, wasn't too sure about surplus cash each month, as courts could decide to make my pay this for up to three years even after being discharged.Managed to now get lump sum funds up to £8500 - currently not paying creditors any payments apart from CCJ in hope they'll accept full and final offer - but still going ahead wth IVA its now in draft stages with CCCS.Wish I had £32000 - I'd just pay them all and never take another loan as long as I live - learnt my lesson in regards to credit. sadly my partner wants to buy a house, so she is keen for all debts to be gone quickly as possible and for me to start trying to repair my credit file...firstly though, I need to get my debts gone, and currently have £8500 to repay £32000. Written to all creditors offering them equal share of £8500 - so far all have refused offer.
  2. I'm really sorry for the poor formatting of the first post.Somehow when I attempt to put the whole post into structured paragraphs it doesn't work.. edit - wokring it out, you need to use HTML paragraph tags..!! Erm ok, anyhow hopefully easier to read now, many thanks.
  3. Hi, Looking for some advice regarding an IVA. Long story cut short, had substantial loan /credit card payments each month, girlfriend was working, quit work due to becoming pregnant (unplanned) and now we’re living on one wage. Cut down to a single car, cut out all un-necessary spending, living to a strict budget and been consulting with CCCs.Current debt (all in my name – occurred before meeting my partner) was under some control, however due to reduction in income, unable to meet monthly obligations. Debt value is £32000 – one creditor whom was totally un-reasonable regarding reduced payment plan has issued CCJ. CCCs has now recommended IVA. I’m in the process of setting this up, however since this has started, which has taken nearly 6 weeks already my partners dad has basically flipped his lid over the whole matter, as its now come to his attention and has offered a lump sum of £6000. He’s basically told me to offer this into a lump sum payment and see if many of the debts can be written off.What are my options with a £6000 cash sum towards £32000 worth of debt? I cannot afford to repay the debt so would creditors except a reduced cash settlement in an IVA?I’m waiting for CCCs to asses if this viable, however wondering if I’d be better of calling creditors and seeing if they’d except a cash settlement.… Many thanks...
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