Many thanks Andy.

Hi David, I was wondering if you were still online or looking at this thread? I enquired into an IVA and as yourself and Melanie advised, I do not think an IVA will be suitable for me, especially at this moment in time. The thing is that I'm not really worried and would certainly consider bankruptcy...

Many thanks David. I will definitely take all this into consideration.

Cheers.

Jamie.

Hi David, In reply to your questions… My salary is £1,900 per month after tax. I’m certain I’d be able to maintain in IVA as my current outgoings are around £1,600. All the debts mentioned above are in my name only and all are not secured on any property as I rent. My wife also has a £10k loan, of w...

Hi David, Many thanks for your advice. I have thought about bankruptcy and I guess it is something I would consider doing, if there is no alternative (ie; the IVA). It's a fairly scary thought though. Could I just ask (probably me not being clued up again)... why 2 bank accounts? Would they close my...

Many thanks for your replies Melanie and James. James... my most recent loan is with MBNA and yes, all 3 (credit card with Capital One, Loan with Egg and Loan with MBNA) are unsecured. Sorry if that was not clear. Melanie... could I just ask, does that mean that an IVA is probably not possible due t...

Hello. No, we rent our property, so I do not have a mortgage. All of the debts are unsecurred. To be honest, looking at it now, I'm amazed that someone like me who doesn't even own a house, can get into this much debt. There seems to be no control. Any further advice would be much appreciated... Man...

Hello Melanie. Many thanks. The debt stems back from many years of build up. I have applied for consolidation loans to make the payments easier. Although I have just found it more and more difficult so applied for new ones. Now I find that I have the 2 loans and the credit card. I have around 4,500 ...

Hello. I have a combined debt of approx 36,000 GBP. My main question is that a loan I recently secured (all debt is unsecurred) had an initial payment break on it. The payment start in April. Do I need to wait for the first payment to come out on direct debit before I apply for an IVA? And if so is ...