They have a mortgage with equity.

I was asking for a friend they owe less than 10K

What is the minimum amount of debt you have to owe to be able to start an IVA?

Did IV.net contact you? If so, personally I wouldn't go with anyone who had cold called. We had quite a few of these in the months leading up to the IVA - you wouldn't buy a car off someone who called you to see if you wanted it and you should treat the IVA in the same way in my view. Totally, 100%...

I'm looking for a reputable IVA provider any recommendations?

Has anybody heard of IV.net?

Hi Dizzie. Broadly speaking, in an IVA, interest is frozen from the time the IVA is agreed. The IVA is paid over 5 or 6 years and the payment is based upon your disposable income, so the actual amount paid may well be a lot less than the original debt. I would suggest you pop over to www.iva.com an...

Hi Dizziediva, Yes you can do an IVA whilst receiving benefits. As long as it is affordable there is no problem. Have you spoken to anyone yet? I dont know of any reputable companies as yet so no, but i am researching this first before i do it. In the meantime im getting very stressed having credit...

Is the interest on your debts reduced if you take out an IVA? I have seen adverts on the internet stating that your debts can be reduced considerably through goverment IVA, is this true. I am getting huge harrassment from my creditors, telephone calls threatening letters to take my home from me if i...

On this forum i have been advised to take out a separate IVA to my ex partner because we live separate lives although some of our debts are joint. I am on benefits and want to know if you can take out an IVA whilst recieving benefits?

Hello, If you dont mind me asking how much is owed and how much equity do you have? It does sound a bit complicated but im sure there is a way you can work this out... There is enough equity but as we have defaulted on all of our debts therefore we cannot re-mortgage at this present time. Also we a...

Do you still live in the mortgaged house or have you moved out? I suggest that you do speak to an expert. Visit www.iva.com for a list of companies and reviews and give one or two a ring for some free and impartial advice. Im so stressed but thank you for your help and advice, i will follow this up.

Hi, You wont be able to do a joint IVA if you live seperate lives / houses, but although your have joint debts there is nothing stopping you lookint at an IVA on your own which would take care of your liabity and he can then deal with it himself. Are you able to post a little more about your situat...

My ex partner & I have joint debts he works & I am on benefits, i am 5 months pregnant but dont want to get back with him because he is an alcoholic & can be abusive. Can we do a joint IVA to pay off our debts as i have to keep a roof over mine & my babies head and dont want to be in debt forever.

Hi im considering applying to do an IVA i have £30000 worth of unsecured debt. I have been reading this forum and see that the creditors can force you to release any equity in your house, and i have equity in my house. If they can do this is there any point in doing an IVA would a DMP protect the e...