www.iva.co.uk

IM NO LONGER EARNING A WAGE BUT IM CLAIMING DISABILITY AND INCAPACITY BENEFIT AND ALSO LIVING WITH MY PARENTS,WOULD I STILL QUALIFY?
THANK YOU

Hi hawfairy ane welcome to the forum

These days, creditors do not like supporting IVA proposals where peoples sole income is derived from benefits. I would suggest either a Debt Management Programme or bankruptcy proceedings are more appropriate for you at this time.

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

Good morning hawfairy,

Welcome to the forum.

I agree with Melanie on this. Bankruptcy isn't all bad: it can provide a way of getting you out of a really bad situation and starting again.

Bankruptcy is an option that often has to be considered when an individual cannot pay their debts as they fall due.

The period of bankruptcy now usually lasts for a maximum of 12 months instead of the previous two or three years.

Once a debtor has been discharged from bankruptcy, they are no longer liable for any outstanding debts, as long as they were detailed in the bankruptcy proceedings. This provides a "fresh start" for those unable to clear their outstanding debts within a reasonable timescale.

Kind regards,



Julia Simavi

Shortlisted for Best UK Debt consultant by Credit Show 2007

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