im 25,000 pounds in debt and earn about £2600 p/month net with outgoings totaling £2,400 do i qualify for an iva?? if yes in your opinion what kind of monthly payments would i be looking to be going to pay should i enter into an iva
As lost says, you need to speak with a professional to get a full idea of what your options are. It is a rare case indeed that only has one choice available, so a frank assessment of your own individual situation is needed before you make your next step.
Accordingly, a good place to start would be to visit www.iva.com have a look around, take time to speak to 2 or 3 providers and then make your choice after you have done that.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
From the limited information you have provided, you may well be eligible for an IVA, however this will depend upon your specific circumstances, which an insolvency practitioner will be able to run through with you.
The amount that you have to pay to creditors, will be dependent upon the level of surplus income you have remaining, once full account is taken of your household and general expenditure.
