Hi, We have an IVA with payplan. In our agreement it says that we do not have to hand over any redundancy if it equates to less than 6 months wages. My husband has been made redundant but is working for the same company on a self employed basis. We need his redundancy to buy the van required, howeve...

Good advice and very true. Thank you for your support x

Sorry guys, i seem to be making a mess of my posts when i use the quotes. I'll learn though...honestly I will... hehe

[quote] Originally posted by Broke of London Hi - you'll come through the shame when you realise how hard you are trying to pay off your debts with an iva! There really is no reason to tell your dad, better you enjoy the time you have. My best friend and grandad both have cancer which is only being ...

Hi Kim, I am just starting on this road myself, we have debts of £57k and are going with Melanie's team, they told me they have done IVA's for people with debts of over £400k so ours are a drop in the ocean. I lost my mum 3 years ago to breast cancer and she had no idea of the debt we were and are ...

kallis3 wrote:

I think Kim is the wife!

Kim, please don't feel bad. I have two step children plus my own daughter, and whilst I have tried to instill frugality since being in our IVA as I don't want the same thing happening to them, I might as well bang my head against a wall.

Yes I am the wife[:D]

RHB wrote:

Don't waste that degree, is there a way you could take the final exam again?

Once my head is clear and I can wake up smiling again I will see what I can do. My dream was to train as a social worker and help others but for now I need to concentrate on my family.

Well done - your starting the process in opening the Natwest account. I initially applied and was accepted for a FIRST DIRECT account but after reading the advice on this forum - I quickly applied to NATWEST as First direct scroll thru the IVA register and will close your account within months!. I ...

Hi,it does help a little to know it's not just us going through all this. I'm having a tough time tonight,hubby on his Christmas works night out(luckily he'd been paying a bit into the kitty each week or he wouldn't have been able to go!), I suppose too much time alone to think about it all. I'm so...

Hi Lem, I am in the same situation as you. We have always borrowed and paid back, companies have done well out of us. Unfortunately, now we can't payback and we need help. The Country is in a mess and the full extent of people's borrowing and inability to pay back is yet to show. There's loads of us...

[quote] Originally posted by winter_blues Welcome Kim. I spoke with several IVA firms before committing into anything. There are many people like yourself who have successfully entered into an IVA and now feeling alot better at being able to budget each month without "robbing peter to pay Paul" whic...

Hello Kim, We had debts of around £130k, with 13 creditors and just had our IVA accepted in October. We are now paying £780 a month, where as before our debt re-payments were a totally unmanagable £2500! The IVA payments amount to a dividend of around 27p in the pound. We managed (somehow) to make ...

Hello Kim, We had debts of around £130k, with 13 creditors and just had our IVA accepted in October. We are now paying £780 a month, where as before our debt re-payments were a totally unmanagable £2500! The IVA payments amount to a dividend of around 27p in the pound. We managed (somehow) to make ...

Thanks for the welcome guys[:)]

Do you know of anyone who has such large debts as mine and had an iva approved?

My creditors include lloyds tsb, black horse, mbna, barclays and egg. Are any of these notorious for voting against?

Hi, We owe approx 80,000 between 10 creditors. We are home owners and have 4 children. We could pay a fixed sum every month but cant afford our debt repayments of 1500 pm. Our total income is approx 2,300 which does not cover our outgoings. We have a small amount of equity in our home, about 35000. ...