Thanks for your previous advice, much appreciated. I have one more question, my basic take home pay is £1600, but there is sometimes the possibility of working overtime and Sundays although this overtime isn't guaranteed. If I did work overtime would I be expected to pay more per month? Also, i have...

I have a secured loan on the house which means that I have no equity in my home. What do you think the minimum payment per month would be if I owe £50k?

I'm worried sick. I have debts of about £50k and earn about £1600 a month, my expenses come to around £1300 which only leaves £300 for an IVA. Would this amount be enough? I have a mortgage and obviously dont want to go bankrupt as it would mean losing my house. Thanks.