Help Please Bad Debt

360

Hi All,

from the age of 20 i have been in large amount debt 25k plus. From age 24 i moved into a I.V.A which was for a 5 year period but i only managed 2 and half years and failed my IVA due to loss of job.(within failing i realise how little was paid off my debt)

My iva failed in October last year 2007 and was told by my IP that you will be contacted now by my creditors. My thinking anyway was to go bankrupt but i could not afford the £500 cost. So i thought let see what my creditors say!

Anyway we are now in April 2008 and i have not been contacted by any of my creditors.

I wondered if anyone could let me know if this is normal or not, i would of expected my creditors to have contacted me by now.

Maybe they have forgot about me!

Thanks in advance

SuzySu

Hi and welcome to the forums. I don't know whether your creditors will have forgotten about you, but I very much doubt it.

Can you post up your Statement Of Affairs (SOA) and we can take a look to see where you could possible save some money each month. Take a look at the 'sticky' at the top of the DFW page for some information.