am i eligible to apply for an IVA?

[fornow]

I am an unemployed and disabled person with debts over £15000 am i eligible tp apply for an IVA?

[MelanieGiles]

Hi there and welcome to the forum

How would you fund contributions if you were to be eligible to propose an IVA? Do you have any assets?

The ruling generally is that people in receipt of state benefits should not be in a position to propose these arrangements, but in exceptional circumstances it may be possible for you to do this.

[fornow]

Thank you for prompt response, no assets but in rec of DLA and would be able to use for IVA

[rayb]

Would you not be better off going bankrupt?? I only say this as your benefit should be used for yourself and not to pay debts.

Do you have any assets?

[freelili]

If disability gets worse, you may need that money or for some unforseen event. Like Ray b says BR would bring a swift end to the debts. It might be worth picking up the phone and speaking to someone to gain info on what your best option is for your circumstances.

Good luck.

[fornow]

Thanks for advice, looking into what you have suggested