www.iva.co.uk

As some of you will know my meeting is not too far away. I am to do a full and final. how much spare money per month would i need to have for the creditors to want it over five years? what are the IP costs over 5 years usually? What are the costs over 1 year. I have less than £150.00 spare pm.

Hi
If you have only £150 disposible then i doubt you will be asked to contribute it as well as your lump sum simply because IP fees will gobble most of that up each month so your creditors would get very little of it.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Did you include a contingency budget before you worked out the disposable you will have as that could reduce the DI even more? Anything around £100 or less is usually given as not being required by the creditors.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

Someone mentioned that they were paying £100 per month on the forum the other day - ridculously inefficient!

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

Hi
I agree,I wonder how much of that £100 over 5 years the creditors will see ?
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp