Hi Skippy, the child tax credit was in both names whilst I was unemployed and based on both incomes so that's why I wondering if they will seek the full amount from my wife as they would do on a joint account debt(My wife is not part of my Iva and she does not want any part of having debt around her...

Thanks Kazzafunk for your advice,but my wife is not part of my Iva so would they not chase her direct for the full payment even if I put it on the Iva proposal?? I'm just really concerned that after all the hard work in pulling together to get to a stage of an Iva crediors meeting and getting back i...

Hi All,Just Wondering if someone can help on this one,I have a creditors meeting due next week and I just had a letter through about an old tax credit saying I owe HMRC £1700.00 for an over payment? but was not aware of this when I did my I&E or the proposal(but I did show a VAT debt that I shown on...

Melanie Thanks for clearing the confusion on bankruptcy versus IVA .The reason why the family member is offering the possibilty of introducing a third party financial injection is they do not want their sister(my wife)being forced into this situation of having this burden over her and our children a...

Hi Melanie why bankruptcy or are you saying this would be an example if bankruptcy was an option?I have seen on various sites that with the level of debt I owe that a monthly amount of circa £450 would be required to pay into an IVA,if that was the case multiplying this by 60 payments would total £2...

Thanks for your advice.My ex business partner has now gone into a IVA and left me exposed to this debt?so what will happen with his share given his part will no doubt now be on a % basis of his IVA. I want to just get on with my life and take the worry away from my wife and children as they did not ...

Hi All,I'm new to the forum so please bear with me.In short I have debts from C/C & O/D's of circa 110k that I ran up trying to keep my old business afloat.Is it possible to try and arrange an F&F offer to my creditors through an IP at this stage as a family member has provisonally offered some fina...

Hi I'm new to the sight so bear with me!! I'm currently on a DMP with debts of circa £110k(made up from using credit cards O/D's to keep my old business afloat)anyhow I need to sort out my future and need to know if an IVA is the best way forward.I have equity of circa £150k but this is split with...

Hi I would appreciate some advice if possible.I'm currently on a DMP but looking at going onto an IVA as I have the chance of either contract work or permenant work,I have equity in my property in joint names and worried if going onto an IVA I will lose the family home? what would be the best course...