Hi Hawks1980 and welcome to the forum.
It does sound as though you are struggling with your payment, and you are giving your creditors a good return as well. Hubby and me are only paying back 69p between us, and there are a lot on here wth lower than that.
I would do a new I&E and send it to your IP and ask him if he can put it to the creditors that you need your payments lowering.
As you say, they are getting way more than they would with bankruptcy, so it won't hurt to put it forward. They can only say no.
You need to do something quickly though, if you are 4 months in arrears, it is likely that the IVA will fail as you are only usually allowed to miss 3 payments.
Last edited by
kallis3 on Sat Aug 09, 2008 5:47 pm, edited 1 time in total.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk