help!!!!!!!!!!!!!!!!!!!

[ele]

hi melanie
We have worked out our in and outgoings by downloadsing forms fromm cccs....so we have £2600 coming out and £2000 going out which includes rent food all utility bills and running cost of car
Could one of us go bankrupt,we really want to avoid this ands we are happy to pay longer than the five years,just need to get ourlselves sorted before we hpefully retire in 10 yearswe are both 55.
Can you advise best way to go....hubby owes 64000and me 55000 have 13 creditirs although saome are same company but different accounts...desperately need help as dont know which wat to turn
Ele

[MelanieGiles]

Hi ele

So your combined debts are £119,000, and you have a disposable income of approximately £600. This would enable you to offer £36,000 to creditors over a 5 year period, which after costs would give a dividend return of 23.5p in the £. Most creditors operate to a minimum of 25p in the £, so if you were to increase your payments slightly to £630 IVA's could possibly be accepted.

Do you owe anything to HSBC or Northern Rock, as these creditors have higher minimum dividend expectations. If so, can you post me a full list of your creditors so that I can advise further - and identify which are yours and which are your husbands.

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

[ele]

Hubby: Me
Barclays 6544 Litlewoods 1723
Capitol 18980 ace 142
b/card 8009 b/card 800
b/card 8210 nat west 5387
mbna 14481 mbna 11817
mbna 6193
mint 12105
o/draft 1800 b/loan 17094
heather valley 286
Its awful

[tracy.h]

Hi ele,dont feel to bad we all have debts on this forum thats why we post as the support and expert advise is exceptional,so you are not alone.
At least you are now doing something about your problem,so well done the first step is always the hardest,but you will get all the advice that you need so hang in there.I hope you can find a solution to your situation,and can then move forward,goodluck we are always here to give you any kind of support that we can.

[MelanieGiles]

Hi ele

Well I would certainly be happy to present that for you, and debt management would take many years for you to repay and is not the right solution for you given your ages.

As you say that you really want to avoid bankruptcy proceedings, I would give the IVA a go. You have nothing to lose and most reputable insolvency practitioners will present this for you without taking any money up front.

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

[ele]

Melanie,
How do we start this as if we leave it any longer it can only ge worse
Please advise
Thanks
Ele

Hi ele

Well I would certainly be happy to present that for you, and debt management would take many years for you to repay and is not the right solution for you given your ages.

As you say that you really want to avoid bankruptcy proceedings, I would give the IVA a go. You have nothing to lose and most reputable insolvency practitioners will present this for you without taking any money up front.

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
[/quote]

[aguise]

Hi ele
Dont feel awful between us both we had 17 creditors[}:)]

Ang

[MelanieGiles]

Ele

You need to find an insolvency practitioner to act for you, and then allow them to gather up more specific details about your case. This can be done over the telephone and via e-mail initially.

The process ought to take no longer than a month, but do ensure that you gather up all of the information you are asked to produce and get that to the IP as soon as possible.

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

[ele]

can you do this for us? should i go via your website....do we have to meet face to face as awkward as in newish job
Ele

You need to find an insolvency practitioner to act for you, and then allow them to gather up more specific details about your case. This can be done over the telephone and via e-mail initially.

The process ought to take no longer than a month, but do ensure that you gather up all of the information you are asked to produce and get that to the IP as soon as possible.

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
[/quote]

[MelanieGiles]

Hi Ele

I would be delighted to represent you. If you can fill out the forms on my website, one of my team will make contact with you tomorrow and we can start the ball rolling.

I do not need to meet you face to face if you would rather do everything over the telephone, but we will need to have a detailed chat so that I can ensure that you are fully appraised of all options available to you and the implications of entering into a voluntary arrangement. I look forward to talking to you in due cousre.

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

[ele]

thanks so much feel like i might be able to sleep tonight,will fill out forms and send on thanks again
ele
I would be delighted to represent you. If you can fill out the forms on my website, one of my team will make contact with you tomorrow and we can start the ball rolling.

I do not need to meet you face to face if you would rather do everything over the telephone, but we will need to have a detailed chat so that I can ensure that you are fully appraised of all options available to you and the implications of entering into a voluntary arrangement. I look forward to talking to you in due cousre.

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
[/quote]

[aguise]

Sleep well ele, you can do no better than Melanie.

Ang

[ele]

thanks ang ill try!
Ele

Sleep well ele, you can do no better than Melanie.

Ang
[/quote]