Hi everyone,
I'm in the process of entering an IVA. Firstly a week ago I had no idea such a thing existed, let alone this forum. I first picked up a Stepchange leaflet from the library about 5 or 6 years ago, and never called them until this week (though to be fair my credit card debts were relatively small then). I can't believe it took me so long to act though.
So my situation, I've about 13k in debt. A chunk of it was really due to after a conman exorted me. A few bad business decisions as well, such as an advertising business for leads that didn't go to plan. I'm back back home with my parents and at the age of 37, finding it hugely frustrating that I'm here. I don't quite feel like a failure though as ironically my business interests are starting to take shape (unfortunately still not fast enough to be able to plug the gap). There was also a missed opportunity as at one point, the cryptocurrency I owned (in 2017) was enough to wipe out all my debts in one fell swoop (I managed to turn £4,000 into £35,000 within 6 months), unfortunately the market collapsed (though I did cash out a lot of it, I retained the lions share, which have since plummeted in value). I'm philosophical more than anything else, but desperate to move on. I suppose the main thing on my mind is how long I'll have to be at home before I can regain any kind of true independence.
Look forward to intereacting with fellow IVA'ers!