I know you all have already advised me to go bankrupt, I just can't as I am worried my employer will see my BRO/BRU that my debt is due to gambling. They will probably sack me on the spot. So I have decided to do a IVA.
Can you please advise me that I have not paid one of my biggest creditors 18k for 7 months now, I have only paid it for 3 months. I am just worrying that it will be taken to court, they rang me up for reduce payment for £90 last week(from collection centre). at that point, I was seeking help, as I was/am still waiting for my IVA to be set up, what should I do?
1.do I just ignore them, don't pay a penny to any creditor.
2. do I pay £90 for this big one creditor
3. do I pay them all pro-rota from my draft proposal figure.
4. I owed Natwest 2 loans, one is under 7k (did not pay for 2 months), the other one is 18k, only have paid for 3 months, what I mean is if I don't offer my 2 x natwest loan now, they will not approve for IVA, what do you think?
The IVA compay has not actually set anythign up set, as they want me to do write the confession of why I am in debt. when it is actually set up, I will be paying for 62 months, if I start to pay them pro-rata, that means I will be payment approx. 64 months.
I hope I ecplain myself clearly
Please advise asap.