A Free Bankruptcy, IVA And Simple IVA, Insolvency Advice Forum

[Tullalah]

Unlike other people, my debt wasnt the result of injury or sickness, but of emoitional spending and a series of bad realtionships.
I think for me, accepting that i needed help was the biggest hurdle. I had tried for ages to juggle money from one creditor to the next and always made payments,albiet the minimum. One day it hit me that at some point I wanted a future that didnt involve debt! I couldnt keep up with everything and i started to lose a grip on the situation.
When I worked out much i actually owed, I seriously thought i was a gonner! (I had points when sucide looked like an easier option!) But speaking to Myvesta( after speaking to a really bad IVA factory company) made me calm down alot and start to feel like I could take action.

I have to say through all the stress and distress of puttng the IVA in and waiting for the outcome of the meetings, I had to do the proceses twice. I wondered at times if it was all worth it!

But my IVA did get accepted, and while I have not told all my family or friends, i havent felt i needed to. I am slowly getting to grips with life without credit!

I keep receipts (unheard of before) I search for bargins (again unheard of!) I look at price tags but most of all I am learning that I need to put in activities to stop me spending which means talking to someone about what it is that is upsetting me making me angry! I have learnt more about my self sorting out my debt then I realised.

Its a hard road and takes alot of consideration! For me an IVA is working, but I know I have to keep trying! Sometimes just reading this forum puts things in perspective, just little words of support mean alot!

There is life after and during an IVA and I think its 100% better than the one I was just surving with before!

[hiho]

Thanks for sharing that with us Tallulah. It means a lot. It just goes to show, that life does go on and things will get better.

I'm glad to hear that you're getting your life back on track.

[Tullalah]

Today I checked the Insolvency website and my details were there! It made me feel sick.

I always thought it was private and wouldnt be recorded the same as bankruptcy. But I have to accept it..

I have taken a deep breath and thought ! Forget it, who is gonna find out unless they too spend all day searching names on the website!

I still feel a great shame attached to my financial situation.. and would prefer to keep it private. But perhaps some humilation woudl do some good!

[sandra]

Most folks don't know that the listing is there at all.

Did you notice how many IVA's there are? In my area the IVA's outnumber the bankruptcies by a very high margin.

At least you have got a handle on your debt, your spending and are moving forward with your life with a different knowledge now.

I really do think that going through any process like this is very liberating and consolidating and that you will come out of the other side a stronger person because of it.

Thank you for sharing.

[LUCYKING]

I AM SO SCARED I HAVE JUST STARTED A SET UP PROCCESS FOR AN IVA, I AM SO SCARED THAT IT WILL NOT O THOUGH AND WHAT DO I DO IF ID DOES NOT, I HAVE TWO YOUNG CHILDREN AND I NEED SOMEONE TO TALK TO

[sandra]

You need to stay positive. From starting the process to actually having your creditor's meeting can be three or four months - you have a long way to go yet.

All you can do is to trust the Company whom are handling your case. I was lucky I had Myvesta there for support. They were there through the times when the stress got to me.

What sort of % are you offering your creditors?

Have you made sure that you are claiming all the benefits you are entitled to?

[fred333]

That was the key for me was the staying positive.