Hi we are a lot of debt from years ago that has caught up with us. We both have a steady income up no means wealthy and with the extent of it we are thinking of going bankrupt or we would be paying this till we are in our 80,s
We are considering fostering would this ruin our chances of going forward
I have no idea how anything would affect fostering.
I suggest you speak to one or two companies for some free advice.
Andy Davie/Vincent Bond (details under the ask experts a question link on the left hand side of page) can give you some free advice.
Speak to CAB about the implication on fostering.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I wouldn't whilst I'm an iva. The fostering process does not look at financial stability as such but anything paid to you will be seen as income by the iva company (this has been on the board before).
Under those circumstances I would be questioning whether I am doing the right thing for the child who may be fostered.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.