I think I prefer Mel to frank (see above) anyway, Hi Sarah 7 One of the significant advantages to an IVA is to protect your property, there could be equity release to the end of the IVA, but at least you will not have to find 3rd party funding as in Bankruptcy who would buy the OR interest. So TO MO...

Hi Lil
Is HMRC a liability?
I take it that you are Ltd
The asset question is an important one.

Hi Yes you husband can apply for an IVA just in his name. There are considerations regarding your personal debt position, for example are you only making min payments on credit card debt, if so be aware that it many take many years to clear them. What is the level of debt you have individually? Is t...

Good luck

Hi You should only buy what you can afford to pay for. Ideally youshould be paying for things as you require them and not taking any further credit. Operating while insolvent is very serious thing. If you are a limited company and it is proved that you traded while insolvent you would become persona...

Hi b.t Before you decide to go for an IVA you need to look at all the options. Option 1 Debt Management Plan Informal arramgement with your creditors. Ther are advantages and disadvantages to this type of plan. Advantages -- informal, flexible repayments Disadvantages -- interest may noyt be frozen,...

Hi
You supervisor will have/ should have placed a restriction on the property so they should (if they have done their job right) find out you are sell in your house

Hi Seems a little unfair that you have increase of £400 and only end up with £100. There must be an argument that expenditure has increased by £100 which should be deducted from the increase before the calculation of additional payments to creditors. Otherwise the clause for increase should read 75%...

Hi
The total household income need to be included in your income and expenditure

Hi
You will find that CSA arrears survive even if you go bankrupt. And 6 months arrears from 6 months ago are still arrears

Hi Rickyg33
Dont think you will be able to include them as a creditor, your ip will have to work out a repayment plan for the arrears and then vary you IVA payments.

Hi uk79uk You need to fet control of your situation and stop ditthering. You have been with your girlfriend for 4+ years, so dont let your debt spoil things. If you require any advice on how the Bankruptcy process works, post questions here and you will get the questions answered. Dave Beech http://...

Hi em Sounds to me as though you are dealing with a broker and not direct with an Insolvency Practitioner. It is normal practice to stop making payments to creditors while the IVA is sorted out, as long as the company you are using set things up ASAP. It normally takes 6-8 weeks from start to credit...

Hi vikhibby you can declare bankruptcy if your IVA fails. A failure in terms of and IVA is usually when 3 payments are missed your IP will correspond with your regarding missed payments, if you do not make the payments your IP will fail the IVA, write to creditors and ask them what action they requi...

Hi nle
If s creditor make you bankrupt it affects all your creditors.
Do own your own home, if so what is the equity in the property? Were there any assets in the business?

Dave Beech
http://www.adcrofthilton.co.uk