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mark147

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Post by mark147 » Fri Feb 07, 2020 1:51 pm
I have over 40k of debts with a number of credit cards and personal loans my income is 1230 per month after tax
I do have a joint mortgage with my wife which I do not contribute to.
I have a new job starting soon and will after 3 months will be earning 25k

kallis3

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Post by kallis3 » Fri Feb 07, 2020 1:56 pm
Hi,

You need to speak to one or two companies for specific advice as to the best solution for you.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Foggy

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Post by Foggy » Fri Feb 07, 2020 2:18 pm
I would suggest a chat with a few companies, as they do tend to operate differently from each other. What you do will depend on the actual timescale, as well as the certainty, of the upcoming changes.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Lisa Thomas

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Post by Lisa Thomas » Fri Feb 07, 2020 2:53 pm
An IVA will likely be a better option for you than Bankruptcy due to the assumed equitable interest in the property.

Chat to a couple of IPs for advice to check an IVA is viable for you.
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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