Hi Steve, I was in contact with you via this platform some weeks ago and was waiting to hear from the bank. Well, I did, and it looks like they don't want to play ball with me, so I believe I will be availing of your services and heading to London soon. The lump sum IVA debt process sounds very interesting and I'm sure I could get family members to put together the lump sum.
However am I correct in saying that I could only do this if I have sold the properties and therefore just have a residual (unsecured) debt left? It'll be €600k or so I'd imagine. There is one property which I think I could find difficult to sell, and I'd be concerned that this would ruin my chances to try the lump sum IVA route.
I spoke to a PIP and the PIA option could take 6yrs which doesn't appeal to me, as my family and I will be living on not much more than a pittance for all that time as most of my monthly salary will go to the bank. I didn't ask them about a lump sum settlement option, but in any case I don't think it will be as straightforward as the UK. And bankruptcy in Ireland is 3yrs of course, plus I have to complete the PIA process for 6 months first I believe.
As well as the bankruptcy route, are you now advising and bringing people through the process of lump sum IVA Steve? At this stage it might be a good idea to speak with you I think...my wife is completely on board with me going down the UK route which is great.
Thank you.