Hi alex.h and welcome,

An IVA is not suitable for you if you only have one creditor but you can still try to negotiate a debt managment plan with your creditor.

Regards,
Michelle P.

Hi andymac,

Good luck with your banckruptcy. Keep posting and let us know how you are getting on.

Regards,
Michelle P.

Hi helenk,

Being in an IVA will not necessarily prevent you from working in a bank. The only way to discover whether you will be able to continue your employment would be for you to contact the HR department or read the terms and conditions of your contract.

Regards,
Michelle P.

HI s.mc and welcome,

If your current bank account is with a bank to which you owe money or is in overdraft, then you will need to open up a new basic account with a bank to which you are not indebted.

Regards,
MIchelle P.

Good morning Liz, 93p in the pound sounds very very promising. I wish you best of luck on Monday and please keep us updated. Have a great weekend. Regards, Julia Julia Simavi Shortlisted with special commendation for Debt Counsellor of the Year by Credit Today Awards 2007 View my profile: http://www...

Hi paul.h,

Yes you can qualify for an IVA.
How many creditors do you have?
How much is your disposable income?

Regards,
Michelle P.

Hi andrea_,

I'm afraid you cant change IP now. Haven't you agreed to these fees?
You should talk to your IP If you think your are paying more than whats on the agreement.

Regards,
Michelle P.

Hi whichwaynow,

Thanks for posting the chairmans report! It's very interesting to see the creditors behaviour. I wish you all the best.

Regards,
Michelle P.

Good evening, You could try Halifax or Natwest. Kind regards, Julia Julia Simavi Shortlisted with special commendation for Debt Counsellor of the Year by Credit Today Awards 2007 View my profile: http://www.supersonicsquirrel.net/julia_simavi_profile.asp Visit my website: http://www.supersonicsquirr...

Hi nursejojo and welcome to the forum,

Thanks for posting your thoughts.
Can you post some more information about your debt?
Are you a home owner?
How much is your disposable income?
How many creditors you have?

Regards,
Michelle P.

Hi superwang, You don't have to sell your house but equity may have to be released in the final year of the IVA. You will not necessarily lose your car. If you reasonably need your car to work then this will be allowed as a legitimate monthly expense. Also if your car was worth a lot the Creditors m...

Minnie,

You considered all options and took the one you thought it was the best for you. Well done! I wish you all the best.

Regards,
Michelle P.

Hi jmb, -If your current bank account is with a bank to which you owe money then you will need to open up a new basic account with a bank to which you are not indebted. But it really depends on which bank you are because there are many banks closing accounts of people in an IVA. -You can't do a join...

Hi guiness,

Do you think this new agreement is affordable for you? You need to be as realistic as possible and make sure you will be able to make the payments during the lenght of the IVA.

Regards,
Michelle P.

Hi Joanne,

The most important thing is that you gave the first step to sort your problems. I'm sure these are difficult times but try to remain positive and feel free to ask any questions. I can assure you will have all the support here at the forum from each one of us.

Good luck!
Michelle P.