Hi Aaron,

Try to work out a settlement figure with your IP i also think its a little low but im sure your IP will advise you in your best interest.

Regards,
Michelle P.

Hi peterlag,

If you are still in the process of proposing an IVA then i suggest you take the necessary steps to work with a company who can provide you a better service and act in your best interest.

Regards,
Michelle P.

Welcome to the forum peterdelg,

An IVA would take from 6 to 8 weeks. Nine months seems extremely excessive.

Regards,
Michelle P.

Hi jays, Normally your personal debts must be above £15,000 and you should have 3 or more different creditors. You must also be able to offer a reasonable monthly payment to your creditors. This will vary depending on the debt. However, as a guide, you will usually need to be able to afford at least...

Hi kerrie,

Good to know that you have taken the first step. I wish you all the best.

Regards,
Michelle P.

Hi misshelen and welcome to the forum,

To enter an IVA your personal debts must be above £15,000 and you should have 3 or more different creditors. In your case you should contact your creditor and agree a repayment plan.

Regards,
Michelle P.

Great news asmith!!!

I wish you all the best for your debt free life.

Regards,
Michelle P.

Hi skint

All the best!!

Regards,
Michelle P.

Hi katy,

Great news!
Thanks for posting your experience. I hope all goes well from now on.

Regards,
Michelle P.

Hi katy,

All the best for today. Let us know how it went.


Regards,
Michelle P.

Hi beckym,

If you post a few more details about your situation we might be able to advise further but if your IP is putting this offer on the table its because he thinks its a good deal.

Regards,
Michelle P.

Hi jimmyc,

That great news! Congratulations!
Good luck with everything and enjoy your new debt free life.

Regards,
Michelle P.

Hi a.r You can take out a new mortgage or remortgage but you will need the express permission of your IP and it is unlikely that this will be agreed if the mortgage puts you in a worse financial position than renting. Obtaining a new mortgage whilst you are in an IVA, should only be undertaken if yo...

Hi a_iz,

Thanks for posting your thoughts. I believe we all benefit from this forum so now that you gave the first step keep posting and ask as many questions as you want.

Regards,
Michelle P.

Hello Michelle, I am sorry, I did not mean to worry you about your employment. Melanie is right, just double check your terms and conditions of employment but I am sure you will be fine. I have couple of clients who work for the local government and went BR and their jobs are safe. Kind regards, Jul...