Help with debts, possible IVA

manotw10

A year ago I moved abroad funded by Family, I was in an IVA which will have now failed. I am 66 and until recently could not envisage ever having anything more than my state pension for the rest of my life, so put my head in the sand. I have now been given an opportunity which would allow me to do an IVA again. So my questions are, is it possible? And should I just contact the IP that I originally used, who I was very happy with.

I do realise my mistakes here and would now like to put them right. I do not wish to go bankrupt.

Any help would be greatfully received. Thank you.

sourcrates

Hi,

If you would care to post a statement of affairs, SOA, then people may offer there opinions on your situation.

SOA calculator here :

http://www.stoozing.com/calculator/soa.php

To advise properly we need to know your level of debt now etc, what exactly happened previously, and what the situation now is with those debts.

I will move your past to the debtfreewannabe forum, as you will get far more responses there than you will here.

National_Debtline

Hi there and welcome to MSE,


I agree with sourcrates that we will need more details to give clear advice. A key issue could be that if your IVA didn't officially fail, and you have received a lump sum, that could be at risk under the winfall clause, that is in most IVA contracts and you may lose it. It will all depend on whether the IVA was certified to have failed or not.


Please post more details and we will be able to offer more advice.


Laura
@natdebtline