Insolvency Practitioners for Bankruptcy - Worth the call?

fatbelly

Ok, so they know about this and are trying to bring it in.

Stop the Iva payments and recommence them if the iva survives.

That's all you need to think about at the moment

beeteecee

fatbelly said:

Ok, so they know about this and are trying to bring it in.

Stop the Iva payments and recommence them if the iva survives.

That's all you need to think about at the moment

Yeah, I told them about my latest HMRC bill and she basically said in response that their action begins when the HMRC inform them which they haven't, although I have.

So I should,

1) Ask if the new HMRC debt can be added to the IVA?
2) Stop payments if not?

Sorry I just want to do the rightest thing in a rubbish situation which I didn't expect I'd be in again. Thanks so much for your insights. 

Grumpelstiltskin

Why are you worried about bankruptcy when you accepted an IVA - just another form of insolvency?

Do as Fatbelly says, nothing terrible is going to happen just make sure you save as much as you can when you have stopped paying your IVA. OK the IVA company might try and frighten you but don't speak to them they can't force you to do anything.

beeteecee

Grumpelstiltskin said:

Why are you worried about bankruptcy when you accepted an IVA - just another form of insolvency?

Do as Fatbelly says, nothing terrible is going to happen just make sure you save as much as you can when you have stopped paying your IVA. OK the IVA company might try and frighten you but don't speak to them they can't force you to do anything.

It just seems a scary and intrusive process, I suppose I was tricked by the IVA firm as they made it all very straightforward and there was no asking for years' worth of bank statements etc. I'm probably being ridiculous.

What am I saving for? Sorry to sound so ridiculous, if I save anything - won't somebody take it? 

Grumpelstiltskin

You are saving for anything that crops up, cash is still king.
Who  is going to know what and where you are saving?

beeteecee

Grumpelstiltskin said:

You are saving for anything that crops up, cash is still king.
Who  is going to know what and where you are saving?

Fair enough. I feel truly stupid/ridiculous but have this huge fear of getting into serious trouble or doing the wrong thing, I realise I've already caused a mess with my tax affairs and don't want to make things worse.