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Posted: Sun Feb 10, 2008 9:59 pm
by c002
Hi I am seriously considering bankcruptcy. I am at present paying £150 monthly to an IVA type company and really struggling. Would my payments to the court for the 36 month period be any more or less?
Posted: Sun Feb 10, 2008 10:05 pm
by Lisa2009
Hi and welcome.
Which company are you with?
Posted: Sun Feb 10, 2008 10:11 pm
by MelanieGiles
Likely to be much less, if £150 is fairly representative of your disposable income. I would work on about 50% of that under bankruptcy proceedings.
Can I ask why you felt an IVA was an appropriate solution for you with such low disposable income? Did the company you are using suggest this?
Posted: Sun Feb 10, 2008 10:50 pm
by Adam Davies
Hi
Quote' I am at present paying £150 monthly to an IVA type company and really struggling'
Sounds like a DMP to me.
Regards