Thank you for your reply.

I think that is what is happening, he is taking too much of the company to pay personal debt.

I have spoken with mcambridge Duffy today & they happy to propose an Iva for him.

Hello. I currently have an Iva in my name, started 2.5 yrs ago 3.5 years left. At the time my husband had debts which we intended to pay off however being self employed the situation worsened. My husband now has £30k in personal debt ( used to help with the business but not named in the business) he...

Hello Ok so I have a few questions to ask .... 1) I have a current account with a Barclays, no overdraft but it is a current & not basic. I have had a loan with them £10k which is in the IVA. I have received a letter saying as the account is £0 they are happy for it to remain open & continue to use....

That's interesting Luluj as at times I have felt like the only person in the world going through this. I fall into a cycle of feeling down, spending to make me happy then back to square one !!

Have you finished your IVA now ?

Thank you Foggy for your comments. Yes I agree I was very reluctant to enter into an IVA, my family & friends would be mortified if they knew. For now I will keep this to myself (& the forum!) I will take on board what you said about cash- I go out & feel a panic when I'm putting the food in the tro...

I just wanted to share my recent journey on entering into an IVA. Married, 3 children (1 newborn), previous jobs- bank manager, mortgage advisor & most recent mortgage manager. Husband- good job sole trader, decided to go self employed Jan 2015. Having started my working life in the banks credit was...