Hello, thank you so much for your replies.... Phil - I feel the same as you, Bankruptcy feels more right for me in my current situation than an IVA but it sounds and feels so scary too - arrggh!!! I really don't want to take out an IVA then feel I have made a wrong decision, however, I suppose once ...

I think Bankruptcy may be the better option for me that an IVA but want to know what others think. I have no assets and live in rented accommodation with my husband. All my debts are in my own name. I owe 9,000 on credit cards and have two loans amounting to 30,000 - my circumstances have changed so...