am i still ok to apply for an iva

[jays]

Hi i am currently looking at applying for an ivf i have debts of £10000 but they arent all through banks as i have loans with parents etc am i still ok to apply for an iva

[MelanieGiles]

I am afraid that you will not qualify for an IVA with debts of only £10,000. Why not look into a DMP as an alternative.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[iva_squirrel]

Hi jays,

Normally your personal debts must be above £15,000 and you should have 3 or more different creditors. You must also be able to offer a reasonable monthly payment to your creditors. This will vary depending on the debt. However, as a guide, you will usually need to be able to afford at least £200/mth.

Have you thought about a DMP?

Regards,
Michelle P.

[Oliver]

You are unlikely to find anyone that is willing to help you propose an IVA for debts of less than £15,000. You may be better trying to enter into an informal agreement with your creditors or considering bankruptcy.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp