Creditors

nicbra

DD, thankyou very very much for all your advice, I truly appreciate it and will be definitly giving it some serious thought.

Richard_S

Hi debt doctor,

I'm always very wary about recommending bankruptcy because I'm not a trained counsellor.

That obviously doesn't apply to you working for the CAB, and I have to say your posts on this thread have been exceptionally well articulated and presented.

If I was trying to decide between bankruptcy and an IVA, I'd have absolutely no doubt after reading this thread; excellent advice.:T

Richard

backontheup

debt_doctor wrote: »

look better for who, Nic ????????

I think you should worry about yourselves, your young and you can move on from this. My worry for your " dip my toe in the water ' plan for the IVA is that, say, you go through the IVA for say 2 years, costing you both £ 8,880.00, then find you cant cope with the repayments, go bankrupt and then have to go through a further 3 years of an IPA - and all to protect no property, but some pride.:eek:

There is one thing for certain, your creditors will not be chatting to each other saying " arnt they good people trying to pay us as much as they can" - they dont know you, they dont care about you, and if you owned your own home they would seriously consider making you homeless.

Sorry im in danger of getting in to a rant !!

Enjoy your Sunday, and have a long think

DD

One of the best posts I have ever read on here.

Nicbra - no-one is handing out medals for you 'doing the right thing by your creditors'. As DD has pointed out - if you owned your own home they would not think twice about making you homeless.