Thanks Melanie for your advice. In answer to your question as to whether there is any reason why I would prefer not to go bankrupt... its just that my mother who lives with me has just gone bankrupt and i'm not sure whether i can do the same? would i be allowed to?
thanks again.

Current creditor criteria is that persons whose income derives solely from benefits are not suitable for an IVA. It would seem to me that bankruptcy proceedings are probably a better option for you - financially at least. Is there any particular reason why you wish to avoid this procedure. And can ...

Thank you for your help with my question! the new information you require in order to advise me further is: I owe £22,000 to 15 creditors(credit cards/store cards/bank loan/catalogues) I have no secured debts; I do not own my own home; I have no high value assets and I have worked out my disposable ...

Welcome to the Forum Angela, I have seen cases where an individual is a full time carer, an IVA is still possible but to advise further we would need you to provide more information. An IVA is based on your disposable income (monthly income minus living expenses), do you know your disposable income...

Yes you could qualify for an IVA. Please post some further details on your circumstances so we can advide futher. How much unsecured debt do you owe? Who do you owe it to? Do you have any secured debts? Do you own any properties or have any high value assets? What is your rough disposable income (t...

I am a divorced, single parent and a carer for my son, and so am unable to seek employment, but I have a regular monthly income of DLA, Carer's Allowance and Income Support. Would I qualify for an IVA? Thank you.