what is the minimum amount of money

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traceyh

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Post by traceyh » Thu Feb 14, 2008 10:58 pm
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if i owe an iva 26000 pounds what is the minimum amount of money they will accept to pay it all of
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MelanieGiles

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Post by MelanieGiles » Thu Feb 14, 2008 11:08 pm
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Hi tracey and welcome to the forum

That depends on a number of factors such as your ability to fund monthly contributions, the extent of any assets you might have, and the general attitude of your creditors. The first stage is really to sit down and work out a monthly household budget to see what you could afford - and make sure that you include some contingencies in there for a rainy day. Then take advice from an insolvency practitioner as to your options.
Regards, Melanie Giles, Insolvency Practitioner
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