Iva not paid in a year

Andy2540

My partner has not paid her iva in a year.

It was moved over from Blair endersby to grant Thornton last April and we have had no communication from them and we haven't paid as we had to move accounts to a new bank due to fraud.

We are worried now we could lose our home, in negative equity as they make her bankrupt.

We have had no notification of failure or anything. Any suggestions.

Thanks

Andy

debtinfo

suggestion 1, contact grant thornton

What have you been doing with the money you should have paid?

Andy2540

Fair comment.

We have had like many others our share of issues with redundancy etc so it's been challenging.

Back on track now so we want to pay it! What's the worst case that can happen?

kns_2

They can make you Bankrupt

greenbrucelee

If you were in trouble why did you not contact the people who have been managing the iva?

The people that deal with seting up and managing your iva are not ****s like the people you actaully owe money to they will help.

You can legally be made bankrupt becase of the way this has been handeld.

Mouse1812

Andy2540 wrote: »

We are worried now we could lose our home, in negative equity as they make her bankrupt.

If your home is in negative equity there is a good chance you will not lose it. My IVA failed and I went bankrupt. Because the house was in negative equity there was no point taking it from us and my wife simply bought my Beneficial Interest back from the OR. So, so long as you can meet the mortgage payments you can keep the house.