Why are you doing an IVA?

there are lenders but it is based on equity in property

Hi Foggy, I argee that under the right circumstances an IVA is a route, BUT for someone who has no assets, lives in rented accommodation and there job would not be affected by bankruptcy, an IVA should never be recommended. Recently i spoke to a lady who is 71, sheltered accommodation 6k debt, basic...

Hi Kallis, Can i ask what were your circumstances for you to enter into an IVA?

Hi Foggy, I think you will find we are on the same side, I am totally against IVAs, I asked re assets for a reason.
I feel very sorry for Daniel as if he had negotiated with his creditors himself he would have saved fees. Creditors are far more open to settlement and lower payments than ever before

Daniel, negotiate with the IP, dont just accept random advice. Your IP will work to get you the best deal, but do not cancel the IVA

Do you have assets?

Do not pay a thing from pension, if you are struggling go back to you practitioner and inform them, or get a payment holiday

Do you own your own homes and are you both working?

Why did you enter an IVA?

as long as your returns are up to date, there is no reason an IVA should not be accepted as you appear to be offering a good return

How old is debt with revenue? are your returns up to date?