what is the minimum earning to apply for IVA?

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mjkb

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Post by mjkb » Fri Oct 24, 2008 4:52 pm
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what is the minimum earning of the month of a person who wants to apply IVA. such as £800, £1000, or what ?
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kallis3

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Post by kallis3 » Fri Oct 24, 2008 4:55 pm
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An IVA will be judged on the amount of disposable income you have left after paying your priority bills, regardless of the amount of money you have coming in.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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MelanieGiles

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Post by MelanieGiles » Fri Oct 24, 2008 6:26 pm
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There is no minimum earning, but most IPs will expect you to have a disposable income of at least £250 per month. There are a few firms who will take lower payments - David's ClearDebt being one I believe.
Regards, Melanie Giles, Insolvency Practitioner
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james.c

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Post by james.c » Fri Oct 24, 2008 8:14 pm
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i think their is some one on this forumn who is paying £195 a month
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kabby3

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Post by kabby3 » Fri Oct 24, 2008 9:10 pm
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Me I pay £195 per month but I actually pay by Direct debit weekly of £45.
My IVA is with Freeman Jones who have been totally brill.

Karen[:I]
On the slow safe road to success. Personal thanks to Melanie Giles Kallis Skippy Elv5 and all the other wonderful forum friends.
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David Mond

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Post by David Mond » Sat Oct 25, 2008 1:44 am
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Thanks Melanie. The lowest that ClearDebt does is around £150 a month.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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