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Posted: Fri Oct 24, 2008 4:51 pm
by mjkb
if somebody earning £800 per month, and he is under debt of £70,000. can he apply for iva.
Posted: Fri Oct 24, 2008 5:05 pm
by Viki.W
Hey mikb, welcome to the forum. It really depends on if you could afford to. Would you like to post some more details and the experts can help further. X
Posted: Fri Oct 24, 2008 6:24 pm
by MelanieGiles
I would doubt whether someone earning such a low amount would have the disposable income to make a serious offer in an IVA for £70k of debt, but as Viki says if the expenditure is low and a reasonable disposable income is available, why not?
Posted: Sat Oct 25, 2008 1:21 am
by David Mond
Looks doubtful - what is his net disposable income left over to fund an IVA?