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Posted: **Sat Mar 17, 2007 8:49 pm**

Hi
Can you advise on how likely I would be able to be succesful applying for an IVA with the following debts.
EGG C/CARD £3500
BARCLAYCARD C/CARD £11500
LLOYDS TSB C/CARD £7200
MARBLES C/CARD £5000
HSBC VISA C/CARD £6100
HSBC MASTERCARD C/CARD £7800
ALLIANCE AND LEICESTER P.LOAN £5000
TOTAL ABOUT £46100
I have living expenses of about £1200 and £400 per month left to pay the above. thankyou

Posted: **Sat Mar 17, 2007 11:19 pm**

Hi, Egg went through with no problems for me....others I don't know. Good luck though!

Posted: **Sun Mar 18, 2007 7:15 pm**

Hi Platypus

The best thing to do is speak to a reputable debt advisor and explain your situation. IVAs are individual based on your personal circumstances and how you got there.

Some creditors don't take it lightly if the debt is recent, some stipulate a minimum dividend.

The debt advisor can then help you decide which is your best way forward as that result is sometimes different to what you may think.

Good luck and keep us posted

Posted: **Mon Mar 19, 2007 12:05 am**

You will need to be returning at least 40p in the £, given that you owed HSBC more than 25% of your aggregate debt. This is a minimum dividend requirement this creditor stipulates.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk