thanks for the response. I start my new job in a week, and will be on a six month probation, so will look into this some more with a view to potentially starting in a few month's time.

Hi Over the years I managed to get myself into a fair old mountain of debt. I finally started turning things around three years ago, but was promptly made redundant. Since then I have been on a self-managed DMP with six creditors and owing c£47k between them. I have been paying my creditors my spar...

Unfortunately getting a loan is highly unlikely. Do you think 4k upfront and 7k over 5 years would be enough instead, or is that a question for the creditors? If I went bankrupt I would hope to be discharged after the 12 months, but I will need to understand the situation better on Monday. Thanks, N...

A small proportion of my debt (about 5%) was accumulated through gambling websites when I was suffering with depression. This was over a relatively short period, but I understand this could lead to a BRO being put in place over a significant length of time. Nonetheless it may well be the best soluti...

OK, thanks for looking at this for me. Hopefully I will be able to find an alternative solution somehow.

Neil

no, I am 38. I had wondered whether an IP would be able to access the funds in order to facilitate a settlement.

OK, thanks. Looking at going back to University in Sept to retrain in something entirely new.

Neil

Hi I am due to speak to Citizen's Advice on Monday, but wanted to get a view on whether I could look into a quick IVA solution. My unsecured debts are c£47k. My assets are about £4k in cash, and 2 pension funds of c£16k apiece from previous employers. I was recently made redundant and am currentl...

Hi, I was recently made redundant with unsecured debts of £48k that I was paying through a DMP. I have managed to get a new job, but it is much lower paid. I have calculated income and expenditure and believe I have about £230 per month free. Would an IVA be the right solution, and would creditors...