Shareholding is only a pound, so not an issue.

I've other income.

The HMRC debt is for my personal income tax.

VAT and corporation tax paid ok.

Could I resign before bankruptcy?

I'm a director of my limited company, but assume that I'd resign and appoint a family member as director. My income/expenditure spreadsheet shows a negative surplus. This explains how I got into the debt. However, I haven't used a credit card for the last two years, living soley on income. I need to...

Initially, it was thought that I had sufficient disposable income for an IVA. However, after calculating the 2009/2010 tax bill and creating detailed spread-sheets of income and expenditure I find I cannot support an IVA. Doesn't being self employed make bankruptcy a problem? I'd rather not say who'...

My IVA has not been approved.

Having done the calculations with my IVA advisor I don't have sufficient disposable income for an IVA.

I'm waiting for their alternative proposals.

Hello Having worked with an IVA company I have found that my self employed income is not enough to support an IVA (explains the debt problem if nothing else!) I calculated my 2009/2010 self assessment tax and submitted it to HMRC. I have the cash to pay the tax but not enough for the 2011 payment on...

Hello

I've read that 50% of overtime has to paid into IVAs.

Does this reduce the length of time the IVA is in place or do the creditors get more?

Thanks

Hello I gave my mobile phone number to all my creditors and land line is not listed. My mobile is an Android and I've installed an app called CallFilter. I've put the 0800 etc. numbers used by creditors into the app. When they call the phone answers after one ring and immediately hangs up. No anoyin...

Hello

I'm not connected to this company but bought car tyres online for almost half the cost of tyres from a famous national company who are 'very fast'.

http://www.tyre-shopper.co.uk

Nearest fitting place was an hour's drive away, but I saved £180!!!

BR
Michael

Hello Spoke to an IP company at lunchtime today - really nice lady. Reassuring and kind. Looks likely that I'll be able to half my debt over the 5 year period with repayments that are half of what I'm trying to pay now [:)] Plus its only 5 years, whereas struggling with minimum credit card payments ...

Hello

While setting up an IVA should I try and maintain payments? Some I manage but others I send token payments.

Should I tell my creditcard companys that I'm applying for IVA?

Thanks
Michael

Forgot to say that on Payplan's advice I've been making token payments.

Michael

Hello I'm getting all my income, expenditure and debt figures together ready to call an IP this week. However, I received a letter yesterday from a creditcard company demanding immediate payment of a sum I can't afford. If I don't pay they will send a debt collector. I've written a reply asking them...

hello Having over-extended myself I now need to decide between an IVA and bankruptcy. It was all so easy - I had a fantastic credit rating and card companies fell over themselves to give me zero percent interest and kept increasing my credit limit. Unfortunately, I had a spell of unemployment and th...