3 years ago i entered into a PIA in blind panic. i felt under enormous pressure, my ex having left me to deal with everything including 3 kids,had just been diagnosed with cancer and was in a mess.i took zero advice stupidly i signed up to it and everything was grand until recently.
my payments are now supposed to be 918 a month. i earn 3300, rent is 750 (due to go up to 900). i send my daughter 300 per month to help with uni and yes she does work but as shes a student nurse placements often prevent her working many hours.after bills i'm left with just over 220 per week for me and my 16 year old.
while it all looks ok on paper the reality is very different, i travel to my oncology appts which cost 30 -40 a time, i avoid the gp because its a waste of money, car tax, tyres, daughters dentist all had to be paid recently.
i pay every 2 weeks , 200 euro, to the PIA and have assured them i will continue to do this, i am really trying but they are insisting on 918, indicating i could loose the family home if i go bankrupt. the family home was lost 3 years ago!!! i could have went to the uk and done my year but chose to stay and face the music.my ex is in the uk and to my knowledge no one has looked for him.
i dont know how long i'll be well for, every day with my children, especially the youngest is precious but this stress is causing me so much anxiety.i would really like if someone could help me out.
i suppose my questions are;
does the fact that i am making an effort to pay carry any weight?it may not be what they are asking for but i'm not refusing to pay.
should i cut my losses and go bankrupt?
should i head over the water?
thank you everyone for reading this and bearing with me.
i got this in an email today from my PIA after i had sent an email saying i will always continue to pay,not as much as they are asking for , as long as i am working.
I certainly cannot tell them that you will continue and make payments to he best of your ability. A monthly payment must be proposed and evidenced - this will allow us to calculate the amount to be repaid to and written off by creditors which is what they will be voting on.
Should the required information not be available I will be legally bound to terminate the PIA and should you or your creditors petition for your bankruptcy I would advise that your affordability will be assessed in the same manner as in the PIA and you will have payment to make for 3 years. In addition your property will become an asset of the bankruptcy and should, by the third year of bankruptcy, there be any equity in the property this will be at risk also.
thank you all so much for taking the time to give such good replies.
i get paid 1556 after tax every 2 weeks. according to the calculator suggested by zxcvbnm it should leave me with a surplus of 286 to give the PIA. thats unreal!!!!!!!
the house is gone back to the bank, i signed a form a couple of years ago. i've asked about the amount outstanding if it was sold but have been told i owe 148k and that at the end of the PIA whatever is left will be written off.
i have asked for a variation meeting to consider university costs for my middle daughter of 350 per month. the PIP charges me handsomely for this , adding onto the costs.
as bronte has said , i do'nt have any assets but i feel unde pressure from them. i know for sure though i wo'nt b paying 900 odd a monh.
i have asked for a variation meeting ............... the PIP charges me handsomely for this , adding onto the costs.
How much does this cost? And how much has the PIP cost you so far.
Could someone tell me what would happen to wrecked if she does nothing and just pays the €286 you've all judged she can pay. Which of course she can't pay as she's foregoing attending a doctor for. Surely her PIP should have sorted and explained all this to her?
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