Just a thought - do you mean there is a unsecured part of the mortgage? ie an unsecured loan as part of the mortgage but not secured on the property?

A little depends too on whether your son plans to keep the car that is on finance. On most car deals the finance is secured on the car and could not be included as a debt. I suspect this would be a problem in a DRO. But certainly an IVA or a Debt Management Plan are potential solutions. So much depe...

Hi Christine, plenty of IVA's are accepted at low dividends and £150/mth may well be accepted if its based on reasonable expenses and actual income. Many companies don't charge upfront fees and it makes no sense to pay them. But the pension payment does seem quite high and could represent an issue. ...

Well worth talking to more than one company and as others have said read reviews, and don't be pressured into deciding before you are ready.

If you do feel a failure - then join the rest of us - so many of us have stories to tell that can cause shame or a sense of failure. The best you can do is work out the best way forward and go for it. Firstly forget the 48 hours ultimatum - that is unfair. You need to understand the options open to ...

Good to chat ear;lier. As mentioned - you have done everything right in the first year - informing the IP if your overtime/bonus on a given month was more than 10% of your basic salary. Exactly the same principle for the second year.

Definitely worth speaking to more than one company just to get a feel for how different companies operate.

Obviously your income level is important in calculating the amount you can afford to pay back on the debts through an IVA. You can probably start an IVA at one level of payment and reduce it if your income reduces. If you know what the new salary will be (and can provide evidence in due course) then...

Very sorry to hear about the rejection. If though you can make another offer - with a significantly greater amount of money - the there is no reason not to start again with a new proposal. £600/mty must be a lot more "commercially viable" than £200/mth! The amount of equity you have will be relevant...

Certainly no reason why you shouldn't explore an IVA option. Well worth speaking to 1 or 2 companies to find out all your options - pros and cons of each. The fact that you have previously been made bankrupt does not prevent you proposing an IVA now.

Hi - Zopa do accept IVA's - but seem to demand a higher dividend than many other creditors. They require 50p in £ minimum - which means that the IVA needs to deliver 50p in the £ to all creditors - as all need to be treated equally.

Definitely worth looking at all options - pros/cons of each. And no, your partner shouldn't be affected - so feel free to propose

Hi - what is important is that you are aware of all debt solutions available to you - the pros and cons of each - so that you can make an informed decision as to which is best for you.

There are lots of different debt management companies and they may differ in the paperwork they require. Some that I am aware of simply need confirmation of income

I agree with Kallis - very unprofessional and should be reported.