Hi, yes our disposable income at present is around £200 per month, but will rise a few hundred as i have just started a job.

hello pm.e, thanks for responding. We will only be in negative equity after the charging order is in place, so it makes more sense to go bankrupt after the charging order rather than before it i understand, less chance of the house being sold. our main debts are joint, 2 x 30k loans. i have been fig...

Thankyou so much Melanie, this makes my mind clear now. I really dont want to lose our house, tho had resided to the fact it may go, so will just have to wait and see. I wondered whether NR would insist on the house being sold and settling for a £10k payment instead of the £32k that we now owe. than...

Hi all, hope someone can help me decide the best thing to do. We have a charging order for £32k being issued on 12th october and are currently dealing with payplan. they have advised us to attend the court to oppose this. Our house is currently worth around £165-£170k with a mortgage of £155. We hav...

We had a together mortgage a few years ago, but when we moved last year we went with Natwest as Northern Rock wouldnt let us move the mortgage to the new property as husband is self employed. The house sold at a loss, so we didnt pay back the Northern Rock loan, and they doubled the interest rate. I...

hi, my unsecured debts after northern rock secures theirs will be £80k. our joint mortgage is £153k so will be £185k combined with the secured loan of 32k. house value roughly 170-175k. with the northern rock loan being secured, would i then be able to do an IVA for the remaining 80k debt, if so how...

Thanks for responding, yes we are in a DMP with Payplan only paying £100 per month as I was out of work at time of setting this up, have now secured a part time job which means we will be able to offer about £300 a month, not enough in my understanding to do an IVA unfortunately. The court date for ...

thankyou for your replies, we have a mortgage of 153k on a house worth 175k, it is interest only. no secured loans. joint debts = northern rock - 30k natwest - 30k bank of scotland - 7k husbands debts = mbna - 10k capital bank - 10k my debts = ge money - 6k black horse - 5k index - 2k i receive £800...

good afternoon, i hope someone can give me some advice. we arnt able to go for an iva at present as we do not have enough disposable income, (debt of 100k) so we're with a debt managemment company called byrom and keeley, but struggling to make the £600 a month payments, disposable is about £300, hu...

Thankyou Oliver, Melanie and Lily for your quick replies. I will be making some phonecalls tomorrow to see how we stand with the IVA and will keep you informed.
Thanks again
Delsey

Its taken me a while to write on this forum, but feel i cant wait any longer, as my husband is due to change his job from self employed overseas to employment in this country. Unfortunetely this will involve a severe pay cut, leaving us unable to pay our outstanding debts. I understand he will need ...