Hi, I am just preparing a F&F settlement and am reviewing my income and expenditure - I have started receiving Carers allowance for my little boy (he receives higher rate DLA). Obviously I am aware that the DLA is counted as income but then offset by costs for him in outgoings - is it the same situa...

Sorry for being a bit dim - but I'm a bit confused . . . So if they decline the offer - what would happen - can they MAKE me go bankrupt or would I get the opportunity to continue payments and make another offer? I really really want to avoid bankruptcy - but the last thing I want to happen is to fa...

Oh - and another question before I go to my IP . . .

. . . if I were to put a proposal forward to my creditors and they did not vote in favour - can they demand I be made Bankrupt - or do I just keep on paying the IVA as before?

Thank you for all your kind replies. I have done a income / expenditure (not sent onto IP yet) it's not good - it basically says I cannot spare anything on a monthly basis. I just can't see my circumstances changing in the next few years (going into decent employment i.e. enough to provide a decent ...

Thank you for the replies . . . I guess the reason I want to avoid bankruptcy is because there seems to so many more implications i.e. getting future mortgages, becoming a director (should I manage to return to work and make a success, future mobile phone contracts, renting and landlord searches etc...

I really really want to avoid Bankruptcy at all costs . . .

What does anyone think the lowest offer I could have accepted is?

Thank you

It's all a bit dire really - but here's the situation . . . Sole IVA agreed in October 2009 for £19080 on a £45k + debt. I have never missed a payment so far of £265. Currently there is £16430 left on IVA balance (62mths x £265 - the IVA was initially extended by a year to 6yrs as a request by the c...

It's all a bit dire really - but here's the situation . . . Sole IVA agreed in October 2009 for £19080 on a £45k + debt. I have never missed a payment so far of £265. Currently there is £16430 left on IVA balance (62mths x £265 - the IVA was initially extended by a year to 6yrs as a request by the c...