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
Who is onlineUsers browsing this forum: No registered users and 13 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