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dhako
Junior Member
United Kingdom
170 Posts |
 Posted - 13 July 2008 : 02:05:06
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Hi everyone, im new here and very distressed at the moment!I was unemployed last year for about 5 months, i had never been unemployed before! even now i am playing catch up with my bills, i am with an iva programme and its never ending,they keep putting my payments up and im now paying them £290 a month! i retire next year and im having to work so many hours to get this money plus all the regular bills!im a carer for the elderly and im working 7 nights a week at the moment as i only get the national average hourly rate of £5.50ph.I am totally exhausted and thought the only way out i have now is to decalre myself bankrupt!!can anyone help me please.
I dont own my own house, i rent from the council.
kindest regards
dhako |
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debtfreesusie67
Junior Member
256 Posts |
Posted - 13 July 2008 : 09:29:16
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Hi dhako and welcome to the forum. How much longer do you have to go in your IVA. I went BR on 21st May and it was the best thing I have ever done. If you decide to go BR you will need a letter from your IP confirming that the IVA has failed. Keep asking questions but also try and get some sleep. Your health is worth more than a few debts.
Hugs
Sue
The only way is up
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Trolly-Dolly
Average Member
591 Posts |
Posted - 16 July 2008 : 21:14:56
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I second what Sue says. IVAs are perfect for some, but for others they are not the right path. You are about to retire and from what you have said, you have nothing to lose. You have tried and thats that!
You can read my blog here;
http://drowningmummy.blogs.iva.co.uk/ |
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melanie_giles
Senior Member
1191 Posts |
Posted - 16 July 2008 : 22:50:35
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I agree! If the IVA is just becoming another financial nightmare for you, it is probably time to end it - especially as you are so close to retiring which presumably will affect the affordability in any case.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 17 July 2008 : 11:33:40
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Hi Dhako and welcome to the forum.
The only issue I can see with a BR in your situation is your pension. If your pension is going to pay a lump sum on retirement, it is likely the OR will take this as part of an IPA/IPO.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
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BR hope will help!
