I am trying to help some friends

[ianmillington]

If it will help you I do have a 9 page information sheet available as a pdf setting out the various options that are available and the pros and cons of each. I cannot post it here as that would be considered advertising but if you want one you can get hold of me via my website and I will send you a copy with pleasure if it will help your friend.

I'll also send you the benchmarks (basically the CCCS guidelines) that we as IPs are obliged to use when constructing IVA proposals. That will enable you to put the CAB advice into some sort of perspective. Bear in mind that the allowances set out in the benchmarks may not reflect the reality of your friends situation, but are the figures that would be taken into account by most of the creditors in determining whether an IVA proposal is viable. If the CAB are using different figures that may account for why the CAB is at the moment coming out with a different answer to us.
Ian