www.iva.co.uk

i owe roughly £41000
i owe 27500 to barclays(2xloans)675 monthly payment
7500 to cahoot £325 monthly payment
3500 to barclay credit card
2300 to virgin credit card

i earn 1400 per month and now its all getting to much:(
i pay out 200 rent per month
60 pension
20 mobile phone
20 sky
45 for telephone and broadband
100 a month for petrol
100 for food + household items
120 for social things

any ideas roughly what my iva payment would be if i was to get one?

Hi, and welcome.

You have to put down all of your expenses, food, prescriptions, car expenses, haircuts any little think you can. What is left is your disposable income and your payment would be determined on what that is.

You need to take some professional advice. Check out www.iva.com for IVA companies. Give a couple of them a ring and they will explain all your options to you and advise as to the best way forward.

Good advice there, it is only when a true disposable income is worked out that the options become a little clearer. Best to speak to an expert and as kallis has said you could do a lot worse than visit www.iva.com to start with.

Good luck and regards.

i just filled in a form for iva hopefully i will be able to get 1!

Fingers crossed - let us know how you get on.

You really need to discuss your situation with an insolvency practitioner to see what options there are available to you, and to work out an affordable budget. There are a number of items which appear to be missing from the figures you have disclosed for expenditure, and the practitioner will be able to discuss these with you to ensure you are offering an affordable and sustainable amount.

Hi melanie, yes i have arranged to speak with tina from your company on monday.

thanks