Hi - thanks for your enquiry. Yes there are minimum total debt levels for an IVA - although no statutory minimum. Its a question of when an Insolvency Practitioner deems an IVA workable. Certainly your debt level is well over the minimum - which I would say is around £6000-£7000. The smaller debt is...

It might also be worth adding that even though her name is not on the deeds or mortgage she may well have built up some beneficial interest in the property and may be legally entitled to a slice of the profit on completion of a sale. If that is the case then its only your share of the profit that wo...

Hi Rafal, good luck with the IVA. £245/mth does seem quite high given the level of debt especially if you may be adding overtime monies. It might well be worth getting another quote or 2. Its important that you have enough to live on during the IVA. On overtime, the usual equation is that whe you do...

I agree with the others re stopping the payments if they are unaffordable. Some people pay a token payment. If they contact you simply tell them the truth about the IVA. Ditto on the bank account - you have done the right thing. Although it's a scary time till the IVA is accepted - you're joining th...

The other option I guess is that if your husband's income is now less than when you started the IVA - and there is no equity in your property - is whether bankruptcy would draw a line under this? But do take further advice.

Hi - yes they will - usually 3 months worth.

I agree with Foggy - you can't leave debts out of an IVA - so the joint loan would have to be included and that means the lender may well contact your husband about it. Also going to Uni - presumably involves a change of financial circumstances and that would have to be taken int account in the IVA ...

I agree with the other comments. Here is an extract from the Immigration website regarding citizenship generally: You must be of good character. Enquiries may be made to see if you are a security risk to the United Kingdom or if you have any criminal convictions. Checks are also usually made to see ...

Thank you for your Forum question. I think it's highly unlikely the debt could be covered by a completed F&F IVA. Possibly if its a very small debt but I guess this is unlikely. Better I suspect to try and get to the bottom of the HMRC potential debt first.

A lump sum offer is a possibility. Certainly full & final IVA's do happen for tenants and homeowners. It would be interesting to know how much equity was in the property (is it more than your unsecured debt total?) - and if so who the main creditors are. Some creditors are unlikely to accept any kin...

Hi Karen, DFD have been taken over by Aperture (0333 939 7920) and it is they who are now looking after all DFD clients.

He can't be asked to sell the property or move out. Or to pay a lump sum he doesn't have. As Foggy says its equity release or potentially 12 months of extra IVA payments.

Foggy is right - then of course you will need to rebuild your credit rating.

I guess the annual review will still happen if it falls due (ie 1 year since the last one). As Foggy says - all terms of the IVA still apply. But very good news on the equity and the end is in sight!

I agree - good luck!