Iam sixty years old an owe 81k to 12 creditors

[graham.a]

Iam sixty years old an owe £81k to 12 creditors, i'm currently in a DMP with CCCS would an IVA be a better option in my case?

[aguise]

Hi Graham if you could post more details about your income and if you own property and if there is equity then better advice can be given. Who your creditors are would help also.

Ang

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

[MelanieGiles]

Hi Graham

How much are you paying to CCCS each month? You would need to make payments of at least £450 into an IVA to make it viable.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[iva experts]

Welcome to the Forum Graham,

Could you provide your disposable income? who your creditors are? Are you able/willing to work for the next 5 year period?

On the amount of debt you have you will need c£430-450 per month as disposable income, is this possible for you?

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

[iva.com]

Hi Graham,

If you are considering an IVA you might find our site useful. We maintain a list of IVA firms and IP. We also publish client reviews of the services that they provide.

Good luck in finding the right solution for you.

Kind regards,
Terry Balfour
IVA.com

IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp

[sonyse2t5]

I think the older you are the more willing creditors will accept the IVAs, it may be the last chance creditors they get most of their ££ back. We can't all be working till 70.

Go for it.

[ray_a]

Another aspect to consider is your pension position as this has a big bearing on your decision as well!

[johnpaul]

the only other thing you can do is go bankrupt it only lasts now for 12 months are you will be debt free

JOHNPAUL

[Oliver]

You could potentially propose a successful IVA or Bankruptcy could also be an option.

Best Regards
Oliver

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

[johnpaul]

hi oliver if graham went bankrupt as he is in is sixys might work out better for him then in a iva he will be debt free in 12 months in most cases while a iva is 5 years he will be then 65 might be drawing is pension by len or working until hes over 70

JOHNPAUL

[Skippy]

It depends whether Graham is a property owner or has any other assets that he might want to protect.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/