Hey am15, welcome to the forum. If an IVA was right for you, and there are so many solutions so an insolvency practitioner would advise you of your options, then you would pay all of your disposable income to the IVA. An IP would go over your income and expenditure and be able to advise you.
Would you like to post a few more details about your situation, we're all here to help and support you. X
You list out your income on one side of a piece of paper and your expenditure on the other - allowing something for social and contingent expenditure. You then deduct the expenditure from the income, and whatever is left is the amount which should be offered to creditors.
Locko wrote:
wish I had to come to you Melanie I wasnt allowed anything for social which is hard with a 10 year old
Cant you get something adjusted to give you a little bit for social. Kids grow up so fast it would be a shame for your 10 year old to miss out. My 11 year old knows about our money troubles and has changed his attitude to pocket money,xmas etc.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
