Get expert opinion. This is the place for new questions to be posted.
Robert.42
Posts: 2 Joined: Thu Jan 22, 2015 6:21 pm
Is it possible to earn too much to enter into an IVA? For example I have under less than half my wage free per month.?
recovering
Posts: 1623 Joined: Mon Sep 26, 2011 8:27 pmLocation: United Kingdom
I don't think how much you earn is a problem it's how much disposable income you have left after expenses to make payments
Foggy
Posts: 33396 Joined: Fri Dec 17, 2010 11:14 amLocation: United Kingdom
Contact
As recovering says it is the disposable income which is the key.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
Michael Peoples
Industry Expert
Posts: 15189 Joined: Mon Nov 03, 2008 12:36 pmLocation:
Contact
We have done IVAs for people on benefits and also with salaries in excess of £200,000 per year. As the others say it depends on what you can afford and the level of your debts.
