Adam_7985 wrote:Ah I see, thanks for the quick response, I'm just trying to determine how much we would be left with a month to live on, I see Iva calculators online that say my payment would be just £350, that can't be right if they say I have to stick to a strict budget surely?
I found my "strict budget" left me with more than I had when all the money used to go on debts ! Don't forget you have to account for everything you HAVE to pay out -- as well as the obvious, there are haircuts, lunches at work, insurances, etc.
Speak to an insolvency firm and do an I&E to see what you would be expected to pay.
Have a look here for some basic ideas:
Bankruptcy may be more suitable depending on your circumstances/assets etc.
https://www.youtube.com/watch?v=mAkQsVS ... SY&index=2
IVA video here:
https://www.youtube.com/watch?v=zrQruCD ... SY&index=3
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