Hey Grimhab welcome to the forum
I am surprised you have cancelled all direct debits prior to seeking advice you will be inundated with phone calls from your creditors and you will need to put yourself into some form of financial stability prior to an IVA or Debt Management Plan being formed.
Your debts will vary in importance when you look to pay people back and the below will give you an idea in the interim prior to you seeking professional advice on how to order your finances to avoid eviction / court action prematurely.
First things first you need to look at your Rent/Mortgage payment this is a priority payment and cannot be stopped as it is where you reside.
2) Council Tax / Court Enforced Fines etc which could lead to imprisonment should you not comply.
3) Essential bills for the home, Gas, electric, water bills etc
4) Secured debts on your home or car or other assett not including your mortgage/rent thats first.
5) Unsecured Debts including overdrafts, credit cards, loans etc.
So if you are struggling to make payments at present prior to seeking professional advice write down your income and expenditure in the following example i will give you a very basic idea so you know what I mean.
Income £2000
Rent £650
Council Tax £150
Gas and Electric £100
Water Rates £30
Landline £10
Other basic expenditure like mobile phone bill, car expenses for work travel to and from work, food for the month. All stuff you need to survive.
Imagine you took all the above off your £2000 total leaving you with say £500 disposable income you can now look at your unsecured loans credit cards etc.
Now say you currently pay £800 a month towards these unsecured loans. you need to work out what percentage of your total unsecured debt you owe to each creditor. then call them and offer token payments of those percentages of your £500 disposable income. This will show you are still dedicated to repayment despite your current hard times.
Get yourself onto the
www.IVA.com website and call 2-3 of the IP companies on there and seek advice. Only when they tell you to stop all payments to creditors do so. They will never advise you to stop payments to critical bills such as rent or council tax so always maintain these payments.
Then when they will guide you from there. I am very concerned you have just cancelled everything with no advice at all. You need to pay all essential critical bills as aforementioned asap and make token payments to your unsecured creditors and get professional advice at the earliest opportunity.
Let me know how you get on and good luck
Davey
