www.iva.co.uk

Hello everyone
I need some advice. I have unsecured debt of 61k with no disposable income. I have been advised that i could probably do a full and final settlement with 19k if i could raise the money from family. However after discussing with family i can only raise 15k. Can anyone tell me if this would be enough to do a full and final and also should i approach creditors directly as an informal arrangement or would it be better to pass it to an ip to deal with the legalities. Thanks to anyone who can help.
Regards.
Unsure.

I have put forward cases at that level unsure and, whilst the dividend on offer will be very low, if it represents a better return than would be available under bankruptcy proceedings why not give it a go.

Thankyou Melanie for your quick response.
I still trying to raise more.I Will not know more until later in the week.If i am successful,will it be possible for you or your company to put forward this proposal for me.
Regards.
Unsure.