Hi Andy - We are in a position where we could enter into an IVA but my partner is not in agreement with this at present... It seems that my partner wishes to try and negotiate with the mortgage company for a freeze on interest and pay them £200 per month indefinately - I think this is unrealistic as...

Hi there - does nayone have a good template for me to write to the mortgage company to hand back the keys and explain that there is no point chasing the debt?

Thanks for this - i think we have finally worked out our expenditure with some serious cutbacks, leaving £201 disposable income for IVA which should work

I have been told that you are allowed a cigarette allowance of £12 per person per week - I know, cutching at straws - at present we have certainly spent alot more money than this on our habit - so wondered if the allowance would be acceptable to add into the expenditure form

i was also reading that IVA may not be accepted by creditors - what happens if your IVA is refused? What other options are there?

Thanks Melanie - is there a sheet where I can see the max limits for expenditure that would be acceptable?

Could someone answer me - What is a realistic figure to have spare to pay out on an IVA - I know the minimum is £200, I would like to keep to this if I can - There must be other items such as memberships that we can add onto our expeniture? We have been told a food allowance for two should be £325 -...

An IVA does seem the best way forward for us - If it is truely £368 per month then this should be affordable for us - I know I will continue to worry until it is all sorted out and thank you all for your positive vibes over this - It is refreshing to hear and speak with people who have gone through ...

Hi Zim zim, yes an affordable amount to live on sure - get that - If circumstance changes when would you need to advise the IP? Also we are considering using Debt Free Direct and have their pack - has anyone else used them at all? They have calculated that we have £368 that we can put to the IVA - M...

Thanks jan - Some reassurance there :O)

Could you tell me - We want to pay as little as we can to the IVA (obviously) - We have listed all essentials, what else did you add to reduce the IVA payment?

Hi Jan, Thanks for the information - I am so scared that we will end up destitute worrying about those unforseen bills and how to live really... It seems that you have got a handle on it for sure, which is great - I guess as I (we) are only just embarking on our journey with this mess, it seems a mo...

A serious question - If your disposable income goes into the IVA - How are you meant to enjoy life really? What if the car goes wrong, or you need to pay for something real urgent? Curious how others here cope for five years - a long time!

About to undertake a voluntary repossession - We have been told to enter into an IVA now - But we do not know the shortfall figure (geuss around 85,000) - Will this be added into the IVA plan, and if so - How will the payments be affected

Hi Melanie - Thanks for the information so far - real helpful - So we will run the accounts at present then once new bank account set up, transfer the Direct Debits to the new account - A tight time during this transition I guess. As the monies will be frozen in one account, but at that stage we hou...

No - our IP has been an early stage contact only - They have said that we should complete their forms and post it all back within 14 days... I did explain to them our situation in full and they said that we should 'consider' another bank account - We cannot set up a bank account in the new address a...