IVA and really struggling

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c002

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Post by c002 » Sun Feb 10, 2008 9:59 pm
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Hi I am seriously considering bankcruptcy. I am at present paying £150 monthly to an IVA type company and really struggling. Would my payments to the court for the 36 month period be any more or less?
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Lisa2009

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Post by Lisa2009 » Sun Feb 10, 2008 10:05 pm
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Hi and welcome.
Which company are you with?
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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MelanieGiles

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Post by MelanieGiles » Sun Feb 10, 2008 10:11 pm
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Likely to be much less, if £150 is fairly representative of your disposable income. I would work on about 50% of that under bankruptcy proceedings.

Can I ask why you felt an IVA was an appropriate solution for you with such low disposable income? Did the company you are using suggest this?
Regards, Melanie Giles, Insolvency Practitioner
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Adam Davies

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Post by Adam Davies » Sun Feb 10, 2008 10:50 pm
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Hi
Quote' I am at present paying £150 monthly to an IVA type company and really struggling'
Sounds like a DMP to me.
Regards
Andam Davies
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