creditors are threatning CCJ's

2 posts Page 1 of 1
Post Reply
 
 

paul_w

User avatar
Posts: 2
Joined: Fri Aug 03, 2007 11:13 am
Location:
Post by paul_w » Sun Dec 30, 2007 4:34 pm
Quote
Hi,

Quick question if I have a debt of £42,000 and some creditors are threatning CCJ's how much can I remove of the debt with a IVA? I am on low income at present.

Kind regards

Paul
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Sun Dec 30, 2007 4:48 pm
Quote
Hi Paul and welcome
You have to declare the whole of your unsecured debts in an IVA and offer the whole of your disposible income each month as payment.At the end of the five year term any remaining debts are written off.
If you can post back your disposible income[i;e the income that you have left after essential living costs,not including unsecured debt repayments]then we can advise further.
Also are you a homeowner ?
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
Andam Davies
Top
Post Reply
2 posts Page 1 of 1
Return to “new postings for December”