I have been refused an IVA because the majority of my debt is with Northern Rock, who I am told by two agenies ( Pay Plan and Capitalise) will not accept an IVA. So it seems a debt management plan or bankrupcy is the alternative. Yes, the desposible income after essential outgoings- which was calcul...

I dont think I have been clear- I have NO disposible income, my outgoings for debts - to pay the minimum is £832, my essentail outgoings as worked out for me with the help of an agency recommended by the CAB is 1,711, leaving me £ 303 in the red- with minus disposible!!. My total debts are 48,750, 6...

No, My essential outgoings ( as worked out by a agency recommended by the CAB) are £1,711 my monthly payments to all my creditors- (minimum payment only) adds up to £832, leaving me in the red each month by around £303, in further debt. Yes, they have tried to work out a debt plan payment- for the 1...

[quote] Originally posted by zoe_66 If my debts total 41,000 and total outgoings for them are around 832.60 a month, with interest rising, should I go bankrupt rather then get an IVA? I am employed and earn 37,000 but still have outgoings of around 1,400 a month, my salary after tax is 2,240 a month...

If my debts total 41,000 and total outgoings for them are around 832.60 a month, with interest rising, should I go bankrupt rather then get an IVA? I am employed and earn 37,000 but still have outgoings of around 1,400 a month, my salary after tax is 2,240 a month, which leaves me stuck with paying ...