hi is it also correct that our property would be sold at a loss in bankruptcy through an auction so they could loose out more this way than letting me try to sell it for a good price for the iva ? thanks for your advice .

thanks so much cybus ,cheered me up a lot ,phew .

hi ive been advised by my ip its a better deal for the creditors than bankrupcy ,our debt is £180,000 and we are selling our property ,cashing in our endowment and havent got much else that we can do we are offering everything we have ,we don't have any disposable income that could go towards an iva...

thankyou melainie that really helps ,i can average out the last three yrs and base it on that ,work is non existant at the moment so was worried but thats put my mind at ease ,thanks again .

hi if i sell my property and cash in my endownment to offer my creditors around 38 p in the £ in a lump sum iva how is this better for the creditors than just making me bankrupt ,would they not receive the same if they were to make me bankrupt ? i don't really understand surely they would be able to...

hi i am in the process of setting up an iva ,but i have been asked for a projective income for the next few months ,its very difficult because i can't say what i am likely to earn ,i'm a landscape gardener and it really depends on lots of factors including weather and basicly if the phone goes or no...

HI YES THEY DID THE SAME WITH ME ,ITS JUST general practice ,i have all mine back now ,don't worry .

hi rachell how did it go ,hope alls well ,thinking of you .

yes i was so determined to try and pay off my creditors we've stayed here for all these years but now my eldest is 110 my other daughter whos dissabled is 4 and baby due next week ,i feel i have been wrongly advised in the first place if i had done the iva years ago we might have been sorted out by ...

hi beechy we can't stay where we are its a one bedroomed property and there are two adults and 3 children .

hi melainie ,thankyou for your advice ,and thankyou philip ,but what about the amount of time it takes to put the proposal to creditors as we have our house on the market at the moment in order to put forward the lump sum ,i'm worried about action that could be taken against us during this period of...

hi i have been in a dmp for 3 nearly 4 yrs and contacted clearstart who advised me about lump sum ivas ,i have since decided to sell our home to offer around 40 p in the £ to our creditors and then go and rent eleswhere.( no money free for monthly payments ) i have stopped payments into my dmp whils...

hi i am currently in the process of sorting out paper work etc for an iva proposal of a one off lump sum payment of around £70,000 for our combined debts of £180,000,should i still be making payments to my creditors through a dmp plan that i have been in for the past 3 years ? or should i refer all ...

hi ang ,thankyou so much ,thats cheered me up ,i'm trying so hard to sort everything to give my 3 children a happy life .Just feels like so much to sort out ,baby due ,house to sell ,property to tidy up and rent etc iva to try to set up ,loads of paperwork ,husband self employed so all accounts to s...

hi i'm using mccambridge duffy ,i have just come off the phone to them ,they advised me not to continue paying this creditor and to refer them to them directly ,i have been paying £600 per month to payplan and £100 per month to this creditor so no wonder i'm broke !!!!i can't wait till this is hopef...