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Posted: Tue Oct 28, 2008 9:36 am
by jason15
hi i have 30000 pounds of debt but im on benifits and only get 540 a month im thinking of going back to work self employed would an iva be a good option for me im currently paying my 8 creditors 1 pound a month but what will happen if i start working.
Posted: Tue Oct 28, 2008 9:38 am
by creditcrunched
yes this would be an option but have you also considered BR it would be over much sooner that is if you dont have any assets
Posted: Tue Oct 28, 2008 10:06 am
by MelanieGiles
Hi Jason and welcome to the forum
What sort of business would you be setting up, and how much profit do you think you could generate in the first year, after paying all of the bills of the business, and enabling you to take drawings out to cover all of your household and personal expenses?