Foggy & Michael, Thank you for your replies, I never thought about my 16/17 tax liability if i'm honest, nor my 17/18 tax liability come to that. As minimal as my liability will be, and we are talking a couple of hundred maximum, it will still have to be taken into consideration. I'm glad I stumbled...

Hi Lisa, Bankruptcy is not a route I want to go down, although I have considered that. Re an early settlement without applying for an IVA, this sounds like the best option. How would this work and what kind of %'s would the creditors be looking at (average) to settle the debt? There is little/no equ...

Hi I have £40/45k worth of unsecured debt and approx 8 creditors. I am married and the mortgage belongs to my wife (always been solely in her name). I'm looking at applying for an IVA. I am self employed, my work is seasonal and between October - March will be very quiet and a struggle to even put f...