Thanks Melanie I will find my paperwok and check whether it is a loan or not

The other thing I dont understand about the crediotrs not accepting what we can offer is that if we go bankrupt they would get nothing - surely something is better than nothing at all? By the way Melanie thank you for replying so late on a Sunday night - there can't be many people willing to do what...

We have a car loan which is currently £166 a month but it has about another 30 months to run - the car is only worth about £6k and I need it for work, I travel 30 miles each way to work. We have drastically reduced our expenditure to free up the disposable income we have, the only other option is to...

thanks vikki - there is a lot to think about and it helps to hear hear from other people

We owe £87,503.00 and have £170 disposable income - about £46k of this is owed to Nat West although it shuld be less because 5 years ago they agreed o freeze the interest and did not. This was a verabl agreement but I have managed to get someone I have spoken to at the bank to admit it is in the not...

Unfortunately our landlords have connections with banking and my husband really could not handle people knowing. The CCCS said based on our disposable income an IVA would not be open to us - di you think this is correct?

Bankruptcy seems to me (when I am not crying) to be the sensible option, but we are really fortunate that when we first hit financila difficutly and and sold our house etc we found a wonderful house to rent that is very affordable and as long as we are good tenants (which) we always have been then w...

Our total unsecured debt is approx £85k - our disposable income is approx £170 per month - we have registered with the CCCS and they have reccommended we go bankrupt - we have no assets and I am struggling to deal with this at the moment - I don't want to deal with it and know I have to but cant see...

If we decide to not to go for an IVA and enter a debt management programme we already know it would take 44 years to pay off our debt by whihc time we would not be around any longer due to our age! But if we decided to go down this route and made a proprtionate payment to each of our creditors and k...

If we approach an IP and give them a list of specific creditors & all our income and expenditure are they likely to know from previous experience if the creditors are likely to reject us because we cannot pay back enough pence in the pound - i.e can they advise us whether we have a reasonably good c...

If we were accepted for an IVA, I understand that if our circumstances change from my previous post(e.g. inheritance, better paid job etc)that we have to declare this and hand the money over. Does the extra money all go to our creditors or does the IP take any of it?

If an IVA is rejected on the basis that we have an inadequate amount of disposable income (pence in the pound)would this still incur fees from the IP, therefore increasing our debt?

Hi Does anyone know where I can download / obtain a list of how much the government says a family of 2 should be paying for household shopping etc and / or a list of how much creditors will accept you allowing for things like vehcile servicing, clothes etc. I am working out my income and expenditure...

thank you all for your answers - very helpful

thanks jan - I wondered if it was just the bank trying to stop me from going down the iva route - maybe it was