Full and final Iva

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Zakdebtfree

Posts: 3
Joined: Thu Mar 28, 2019 11:55 am

Post by Zakdebtfree » Thu Mar 28, 2019 12:02 pm
Hi guys

Really need some help

I am in debt of around 125k have been missing payments for the last year as using one card to pay another and so on (stupid I know)

My mum has offered me 10k I know this is very low but has this have any chance of acceptance if put to creditors

I don’t have any assets and all the debts are unsecured cards and loans

Many thanks for your help

Z

Zakdebtfree

Posts: 3
Joined: Thu Mar 28, 2019 11:55 am

Post by Zakdebtfree » Thu Mar 28, 2019 12:03 pm
I should add I don’t work and only have a few pounds disposable income now if any at all

Lisa Thomas

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Industry Expert
Posts: 7308
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Thu Mar 28, 2019 12:39 pm
It sounds that bankruptcy may be a better option for you rather than an IVA but get professional advice to check.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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