That is a pity and I see from the other thread that Stepchange have advised bankruptcy. If there is no equity this could be the way forward otherwise a DMP for a while could be best.

I wonder if they take on self employed cases as it seems a very long delay.

That amount of an offer would be very attractive to creditors. Indeed they may even allow the IVA to close with a lower amount or possibly payments to date given your current circumstances. Creditors can be very sympathetic to former members of the military.

A DMP sounds appropriate at this time and in a few months when the dust has settled you could propose another IVA. This is actually a lot more common that you might think and we regularly propose IVAs from debtors who have existing DMPs.

We have procedures for dealing with vulnerable clients as mental incapacity alone is not a bar to obtaining credit or entering into an IVA. We need to be confident of the debtor's understanding however and will engage with family members, social workers etc to ensure that anything proposed is the ri...

Being so near the end I see no benefit in the IVA failing. I suggest you do an up to date income and expenditure and if you cannot afford any money now creditors may accept what has paid as full and final settlement. This could be the best option all round.

We allow our clients to pay for the valuation and then recoup the cost from the IVA. This is usually up to £100 plus VAT and if you are paying for the valuation then the surveyor knows what it is for and can value accordingly.

If you are self employed this may explain the delay. Many IP firms do not want to deal with self employed cases and if Swift are trying to find a company to do this it could be a struggle for them. I am not sure if Swift are an insolvency firm or an introducer but this does seem to have taken a long...

Best of luck from me too but I am confident the arrangement will be successful but it will be a nervy time until the meeting day comes.

Given the urgency perhaps the CAB may be able to prioritise the application. I would suggest speaking with them again and explain about the bailiffs and how she needs protection now.

Creditors have been known to change their minds if the IP agrees to reduce their fees or the debtor agrees an extra year for example. Hopefully your IP can reach an agreement with the creditors even if it takes an adjournment of a few days.

Any share deductions would usually show up on the wage slips so if this the case it probably should have been picked up before now. Personally I would allow the existing schemes to continue and deal with the money as and when they mature. You could suspend any new schemes or alternatively as credito...

It does depend on which creditors you have as there are differing criteria. However if your IP is satisfied that you have stopped gambling and is recommending this to creditors then an IVA may be acceptable. Some creditors ask for your bank statements to be monitored for three months whereas others ...

Should not be a problem at all. Just be careful to let us know when everything has been transferred across as we do not want old creditors to get an idea of the IVA until your wages etc are entirely safe. Let us know the minute you are confident all is ready.

As soon as we get the information we will progress the case so it should be drafted before the end of the week. We then email it to you for electronic signing and immediately then summon the meeting of creditors. I would say three weeks should be the end of it. Fingers crossed.