Posted: Thu May 03, 2007 12:03 pm
I have had to give up work to look after my mentally ill daughter,I am now living off benefits and have n money to pay my debts,what do I do
Hi vicky and welcome to the forum
Are you already in an IVA - or just thinking about one? If you have lost all of your disposbale income and have no money left to repay your creditors, the best thing to do would be to consider bankruptcy proceedings. This is a fairly painless procedure these days, and will bring you much needed relief from your creditors fairly immediately.
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