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we have 70,000 worth of detb we earn 45,000 per year we lease a car we own our own home with a full mortage. would it affect our leased car I need it for work, also once payment has been set what happens to over time extra money etc ?

I assume you are talking about an IVA.
I cant answer the question regarding the lease car.
The question about extra money will all depend on the wording in your proposal. Usually a percentage(normally 50%) of any bonuses or overtime would have to be paid into your IVA.
I'm sure one of the experts can help with regards to the car question.

Hi cm5 and welcome to the forum

I assume that you are stuggling to make your creditor repayments and are therefore looking at all of the options available to you - not only in an IVA, but also debt management and bankruptcy.

If this is the case, you will have many, many questions, and should therefore consult an insolvency practitioner who can give your advice on the advantages and disadvantages of all procedures. Please continue to use the forum for back up, and sharing ideas.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp