hi cybus & melainie thankyou for your valuble advice ,we are selling to rent from the council as we have 3 small children and this place is one bedroomed which we staying in for so long to try to pay back to creditors as much as we could ,we owe around £180,000 and even though my husband is self emp...

we are proposing a lump sum iva from the sale of our property when it eventually sells offering around 36 p in the £ but what do we do if they reject ? and what would happen to the money we are offering ? could we make offers to varoius creditors who might have agreed to the iva ? or would we go on ...

hi i missed a payment to my dmp last month as i needed items desperately for our new baby and my husband has had no work now for 3 months . i have just been advised by my ip to try to make a reduced payment into the dmp until our iva is approved ? is this because we are offering a lump sum iva and i...

hi shrimp ,our house is on the market ,we have sent our paperwork off but havent heard anything from our ip yet ,i don't think we will hear anything until our house is sold then he will know the exact figures hes dealing with ,well i hope this is the case because we sent all the paperwork off a whil...

hi i had the same worries and have been threatened by lowells on behalf of littlewoods personal finance ,they were horrible ,they really upset me ,but andy put our minds at ease ,its good to know where you stand .They did call round but we were out thankgod !!! don't think they were bailiffs just pe...

thats pretty scary so it seems they can just call at any time even if you are in the process of applying for an iva or trying to set one up .
am i right its still quite unclear though isnt it ?
does anybody know where we stand on this ?

hi mike sorry to be a pain but can bailiffs come ,if they don't have any court orders against you ? in other words if i continue to pay the tomlin will it be okay and how about other creditors now ive stopped making monthly payments would they have to go to court to send bailiffs ?

hi melainie thankyou for your advice ,can they only come if they have been instructed by the courts though or can they just turn up ? thankyou .

hi ,just a quick question i have no ccjs but i have a tomlin order against me ,which basically means i am legally bound to pay so much per month to one of my creditors ,but i am setting up an iva at the moment . i have stopped all payments to the other creditors but my ip advised me that i could con...

HI ANDY ,WE WERE WONDERING IF WE WERE TO SELL OUR CAR AND REPLACE IT FOR THE SAME MONEY IF IT WOULD MAKE ANY DIFFERENCE AT ALL ,AS WE BOUGHT A CAR LAST MONTH FROM THE CAR AUCTIONS AND MY DAD THINKS the engine needs work doing on it ,he said to get rid of it now before its too late ,its worth around ...

thanks andy ,you are a star ,i feel so much better just knowing my options is a real help,so my husband would not be affected at all ? even with the £500 joint debt ?

hi if i was to go bankrupt what assets would i loose ,i would obviously hand over my half of equity and insurance ,but what about household things,we dont have anything really special but i just was concerned over things like our leather sofa and cabinets etc ,also if it was just me to go bankrupt ,...

hi i keep hearing of the 5 yr ivas but was just wondering how often a lump sum iva is propossed and if anybody has been succesful ? its just that we should hopefully be in the position soon of offing a lump sum one off payment but can't afford to do a monthly iva of 5 yrs,but its just that i havent ...

hi andy thanks for your advice ,i have now sent all paperwork in to my ip ,cancelled all direct debits to the dmp i was on and have opened a new basic bank account ,the advice i have received from yourself and melainie has been wonderful ,i finally feel that i am getting somewhere now ,my ip said he...

hello ,if an iva was not accepted could i declare myself bankrupt my debt is much bigger than his? and could my partener carry on paying their debts through a debt management plan ? if so what happens to equity in the property ? does my equity be put towards my bankruptcy and his half go towards his...