for almost a year i have been in a dmp with cccs - with 4 creditors owing about £11,000. i am paying cccs £111 a month.
But i also have 3 other creditors out of the dmp, a loan with about £6,500 left on it, a credit card with £2,700 and a catalogue with £1,100. All together debts of about £22,000. I thought i could manage with paying the 4 creditors through cccs and paying my other creditors, but i can no longer do it, its crippling me. I cannot go on any longer the way it is.
would i be eligable for an IVA?
income is £1,560
outgoing is £1,296 (everything except debt repayments)
leaving £264 to pay an IVA.
I am married with 2 small children, and we have a motrgaged home- but with no equity.
any help would be much appreciaited. regards, Adam
