Page 1 of 1
Posted: Fri Oct 17, 2008 5:17 pm
by wayne194
hello i have £20000 debt on my credit cards and im finding it very hard to meet the monthly repayments would it wise to start a iva or go bankrupt because i just cant go on like this much longer?
Posted: Fri Oct 17, 2008 5:53 pm
by plasticdaft
Do you have your own property? How many credit cards do you owe money to?
The decision on whether to go BR or try to enter an IVA is one that shouldnt be made without the help of an Insolvency Practitioner. A list can be found on www.iva.com,the site include reviews on various companies.
Posted: Fri Oct 17, 2008 8:45 pm
by MelanieGiles
You really should discuss your options with an involvency practitioner who can explain the advantages, disadvantages and implications of each one with you on a one to one basis.
Posted: Fri Oct 17, 2008 11:07 pm
by kallis3
Hello Wayne, and welcome.
You could also consider a Debt Management Programme as well.
If you give an Insolvency Practitioner a ring, they will explain all your options and advise you as to the best way forward for you.
Posted: Sat Oct 18, 2008 8:14 am
by Adam Davies
Hi Wayne and welcome to the forum
Well done for realising that you have to do something,this is often the hardest part.
Speak with several companies and weigh up your options
Regard