Hi, Just wanted to say how wonderful the IVA Advice Bureau have been and to recommend them to anyone seeking any debt advice. I was initially going for an IVA and got the stage wher the creditors meeting was only a few days away when I was having toughts that maybe I should have gone for bankruptcy....

Hi, Thanks for everyone's replies, I have a couple of other questions if that would be ok. 1) A nominee could take over my property in bankruptcy as there is no equity, but who could this be? My parents are both 59 so would they have to take over my mortgage whilst I carried on paying as it would be...

Thanks for replying Melanie. I have an unsecured loan of 28k with approx 8yrs left have paid 2 yrs and a together mortgage of 15k that I have been paying since May 2007.

Northern Rock are my major creditor so approx £43k of £68k total debts. I think this was why 6 yrs was put forward.

Thanks for your quick reply.

In my case it will be six years as Northern Rock is one of my creditors!

Hi, I am currently at the stage of my IVA proposal being sent to me for signing before being sent forward to my creditors. But have a couple of niggling doubts about whether or not I shoud seriuosly consider bankruptcy. I have not really considered it as an option before as I did not want to put my ...