Hi I’m in need of some help or bit more information how this works me and my ex partner to be want to clear some the debt before walking away from each other as we both need to move on but I don’t know where I need to start to get this solution solved as I’ve been told to come to you and seek advice
If you enter something formal, like an IVA ... well, it could be two interlocking IVA's if you have joint debts .... you might be linked for 5 or 6 years.
Do you own a house ? If not and your jobs allow, maybe bankruptcy could work.
Or, for more modest debts, a debt management plan -- informal and creditors often freeze interest.
Everything really depends upon the whole picture .... How much debt, joint or sole, property ownership, living arrangements (and therefore expenses) etc. etc.
You would be best served speaking to a couple of IVA providers in detail, with no obligation.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
