Where is the £12,000 coming from exactly, and when is your husband due to retire? Could you also confirm how much you currently owe to creditors please. The £12,000 is part of the money owed to us from the sale of our house - we did not get all the proceeds immediately, and this sum will be the def...

That is one of the problems with a DMP - there is no guarantee that interest will be stopped. Which firm are you with as a matter of interest? If you have no assets to protect, then bankruptcy might represent a better option, as a two year IVA - whilst not impossible - would be unlikely to provide ...

That is one of the problems with a DMP - there is no guarantee that interest will be stopped. Which firm are you with as a matter of interest? If you have no assets to protect, then bankruptcy might represent a better option, as a two year IVA - whilst not impossible - would be unlikely to provide ...