Hi, I was overpaid salary for 12 months amounting to £35,000. The company (Public sector) are requesting that I set up a Direct Debit to pay them back, but I am extremely behind on rent and bills and my outgoings are already over my incoming current salary. I also have many other creditors. I have overcome a huge gambling addiction and am now looking to get my life back together. I am approximately £48,000 in debt. Would an IVA suit me?
It would depend on much more than you can divulge in an open forum and you really need to chat to a few insolvency firms for specific advice. You will find them easy to talk to and completely non-judgemental and you have already done the hardest bit in recognising the problem.
I agree with Foggy - speak to an IVA company and see if they can do anything to help.
I would also advise making an anonymous call to your HR to see how it could affect your employment.
Just curious as to how you didn't notice you had been over paid?
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