Hi Melanie thanks for the response, much appreciated. So in my case then, I actually owe £43,000, this is made up of approx £36,000original debt the rest in additional costs and fee`s for the none payments over the last twelve months. My surplus income had been deemed to be approx £300 per month at present (Informal enquiry, website based). However, if the market place picks up, potentially I could gain a pay increase of £500 per month net as of next April 2010, would this mean, that (In theory depending on IP etc.) I could end up paying £800 per month for the best part of five years, i.e. ( £800 x 60 months = £48,000 )especially if the IP`s costs are taken on top of the original debt. Worse still my property is at present worth about £5k less than I owe on it, but if this went up in value lets say by £15000, would this mean there could also be an additional £10,000 there that could be incorporated into the IVA at the correct point. If I choose the wrong comapny and IP, is it true that thier percentage could be at least that amount alone, meaning if all of this scenario stacked up in this way i could "potentially" if badly advised, be liable for aprrox £58,000 at the end of five years based on an original debt of primarily £36,00ish. i understand that this is a long question and if mainly correct, you could just answer yes/no, I understand your time is very valuable and I thank you very much for it. Many, many thanks.
