www.iva.co.uk

i have been advised that bankruptsy is imminent, a company has issued court proceedings, i have taken on a debt advice company who want £3500 for there services which i just cant afford, what can i do, its business as well as personal debt to the tune of approx 120.000 pounds

Hi dcm

Do not pay any debt advisory company money up front - the suggestion that a company might want this money indicates that they may not be wholly professional or have a desire to act in your best interests.

Take proper financial advice from a qualified insolvency practitioner directly. At this stage of the proceedings you need quick, direct advice and do not need to go through any middle man. What do you have to offer your creditors? Equity in a property? Monthly contirbutions from your income? If you can post more information on the forum I can help you further.

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

Hello Dcm

If you post some more info on your particular circumstances then the we should be able to give you an idea of whether an IVA is the correct route for you. If it is you will have to move quickly.




Best Regards
Oliver

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