how much disposable income do i have to have left

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wks

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Post by wks » Fri Oct 19, 2007 4:49 pm
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how come when ive look round and poeple are telling me i do not qualify for an iva due to the fact that i have to much income left after my bills and rent are paid how much disposable income do i have to have left to qualify for an iva?
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R1chard

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Post by R1chard » Fri Oct 19, 2007 4:52 pm
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i think you will need over 200.

but an IP on ere will inform you to right amount.

58 PAYMENTS TO GO..
lots of payments to go.
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scaredkez

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Post by scaredkez » Fri Oct 19, 2007 4:56 pm
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it all comes down to are you actually insolvent and unable to pay your debts on present income?
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/
Please view my blog at: http://scaredkez.blogs.iva.co.uk/
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Adam Davies

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Post by Adam Davies » Fri Oct 19, 2007 9:00 pm
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Hi
If your disposible income will repay your full unsecured debts in six years or less then a DMP may be preferred by your creditors
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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iva experts

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Post by iva experts » Tue Oct 23, 2007 12:38 pm
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Hi wks,

To qualify for an IVA you need at least £200-250 disposable income, however on the other side you can have too much disposable income for an IVA. A good way to check this is if you take your disposable income X 60 months (5 years) if this is over your debt amount then you should be paying your debts off in a DMP.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
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MelanieGiles

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Post by MelanieGiles » Tue Oct 23, 2007 3:48 pm
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How much disposable income do you have, and how much do you owe to creditors?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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