www.iva.co.uk

My nephew has debts over £25K - the citizens advice bureux said an IVA would not be in his interests. Would this be as he lives at home with his parents and they own their house? Or are they wrong. He does not want to go bankrupt as he really wants to pay off his debt as much as possible.

Hi
How much can he afford to pay each month[disposible income]?
The CAB seem to be wary of IVAs for some reason
Regards

I don't think it is for the CAB to comment upon whether it is in your nephew's best interests not to propose an IVA - what they ought to be doing is explaining all of the options available to him and allowing him to make a reasoned choice as to the right way forward for his future.

While your nephew has no assets and it might initially look like Br is an easy option I really suggest that he would probably get quite a high income payment agreement.

i suggest the best and most efficient course of action would be to have an informal chat about an IVA and review the pro's and cons - a little like the CAB ought to have done.

Suggest you give Melanie a call to have a chat - she can be reached via her link above.

Then at least you will have all the options explained.

Good luck