can I stop debt management and go on to an IVA?

[rachael.b]

I've had a 'debt management plan' for the past 8 years now, can I stop this and go on to an IVA? If so do I have to stay with the same company as manages the debt plan?

[MelanieGiles]

Hi Rachael and welcome to the forum

How much are you paying into your DMP, and how much are your remaining debts in total?

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

[Adam Davies]

Hi
If you decide that an IVA is right for you then you can stop the DMP and go with a different company if you so wish
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[iva experts]

Hi Rachael,

Could you provide a little more information, for instance, how much are your debts? Who are your creditors? what is your disposable income (income - general living expenses)? Do you have any sizable assets eg. a house?

Once we have this information we can advise further on your situation.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/