Does this mean an IVA is not suitable.

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IMINTROUBLE

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Post by IMINTROUBLE » Tue Aug 07, 2007 9:06 am
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The IVA calculator tells me that I would need to pay £550 monthly, but my income and expenditure shows I only have £300 spare. Does this mean an IVA is not suitable.
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aguise

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Post by aguise » Tue Aug 07, 2007 9:09 am
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Hi there if you dont mind posting more details of your amount of debt income and your disposable income and who your creditors are then others will be along to advise.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/
Please visit my blog at http://aguise.blogs.iva.co.uk/
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Oliver

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Post by Oliver » Tue Aug 07, 2007 9:12 am
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It could well mean that perhaps a different debt solution is more suitable, however, I would not rule out an IVA just yet. Why not contact 2-3 companies and guage their opinion on this or post some more details on your circumstances so we can help.

Best Regards
Oliver

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

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Post by iva experts » Tue Aug 07, 2007 9:13 am
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Hi Imintrouble and Welcome to the Forum!

Could you please post more information so we can determin whether an IVA is the best solution for you.

How much is your estimated debt?
What is your disposable income(not including monthly payments)?
Who are your creditors?

Once we gain this information we can advise more clearly.

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

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Post by iva_squirrel » Tue Aug 07, 2007 10:10 am
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Hi imintrouble,

Can you post more details about your situation? Maybe we can help you finding a solution or you can try to contact a few companies so they can advise you properly.

Regards,
Michelle P.
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MelanieGiles

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Post by MelanieGiles » Tue Aug 07, 2007 11:03 am
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The first stage is to establish exactly what your disposable income is and then to take advice from an insolvency practitioner. If and IVA is not a solution for you, then there will be other options. I am assuming that you have approximately £100,000 in unsecured borrowings, is this correct?

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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