Dmp

up_the_creek_5

Hello

I am doing this thread again as i originally posted in the wromg forum.

I am about to start a DMP with Payplan which is schedualed to last 23 years.

I was wondering, if any of my creditors refuse my offer should i just tell them to take me to court. If i was taken to court would a judge when passing a ccj probably just go along with the Payplan offer? I know that a ccj stays on file for 6 years does this mean payments to a ccj also only last 6 years.

Also do the defaults notices stay on file for 6 years after the original default date or 6years after the DMP ends.

Thanks

james32_uk

Hi Creeky. I've followed your posts on here for some time. What did your employee say about if your job would be affected if you went bankrupt? Also, do you mind if I ask you your salary? PM me if you dont want to declare that publically. A DMP of 23 years does sound excessive and it might help you to run your finances past a partial observer before making a final decision.

james32_uk

Oh, and I belive a DMP will stay on your credit record until 6 years AFTER you finish paying it.

Donedoingdebt

Can't say for definite about a court's decision but I believe if you've made a reasonable offer of payment to your creditors & stick to the arrangement without missing any payments then a court is more likely to go along with that.
A CCJ stays on your file for 6 years but the debt remains until it is settled.
The default will stay on file until 6 years after the date of default. But, the debt will remain on file until 6 years after settlement date.

fatbelly

Payplan will probably just keep asking them to reconsider the offer. Saying 'take me to court then' is unneccessarily aggressive, unless you actually want a CCJ for some reason.

The more likely outcome is that the debt will be sold on and the new owner will reconsider the offer.

Bear in mind that some creditors (e.g.LTSB) are always slow to accept, but usually do so eventually. Being polite but persistent usually works best.

up_the_creek_5

Thanks for the info. Please don't get me wrong i am not looking for a fight with my creditors i fully intend to be polite & co-operative. However, i have read in other forums about the harrassment techniques used by certain creditors & DCA's. I was just talking about a "last resort" scenario.

Thanks