If you decide to go into an IVA you could cancel your direct debits at that time, but don't do this too early as you will be stirring up your creditors who will start chasing you for payment. If bank charges put you into overdraft the bank will be included in your IVA and you will need to open another account elsewhere.
The CAB can refer you to someone for an IVA but won't be able to facilitate it - you need a licensed Insolvency Practitioner for that.
I would cut out the middle man and go and see an IP in your local area instead.
Depending on your financial position Bankruptcy or a Debt Relief Order might be more suitable.
You might find some of my short guidance videos useful here:
Personal Insolvency Options:
Debt Relief Order:
How much are you debts and what assets do you have?
Who is onlineUsers browsing this forum: No registered users and 18 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location