UNDECIDED IVA OR BR

[bob123]

Hi everyone
Folowing on from last nights posting i have put together some rough figures of my expenditure, these are just the overheads i cannot alter as like i explained last night they are tied in with my wifes iva and i agreed to pay them if not then her agreement could fail and i cant allow that to happen which is why i am undecided whether to go br or not.

Rent 240
Water 35
Tv licence 10
Broadband 18
Phone mob 5
Electric 40
Petrol 40
Tax 8
C Insur 25
H Insur 15
H Phone 15
---
451
---
Creditors
Barclays 8450
Barclays 1480
Barclays 1450
Barclays 2680
Barclays 900
Barclays 750
Blackhorse 4500
Skycard 4400
Citibank 2900
Mbna 3600
Cap 1 2100
Cap 1 750
Egg 1500
Mint 900



These are just bills i am committed to pay each month not overestimated in anyway and not included any general living expenses not sure what i can claim nowadays.
Hope this will be of some help in advising me.
sorry did not look mixed up when typed up will do again if needed

[MelanieGiles]

Hi Bob

It is difficult to advise on the forum about options, when we do not have the full details of your case - or your wife's IVA. With debts of £36,000, you will need to be able to fund contributions of at least £270 per month, and more if your disposable income is higher.

As I said, the best bet is to refer this to your wife's IP, as they will be able to look at things from both angles to make sure that one set of creditors is not being prejudiced to the advantage of others.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk