Hi Jane

You would have to pay 50% of bonuses and overtime so this could be classed as a bonus. As Harpic has mentioned, talk to your IP and they will confirm.

Hi Qwertypants and welcome to the forum.

That definitely sounds like a great phonecall [:D]

I hope everything goes well for you - keep us updated!

Hi lancslass A Debt Relief Order (DRO) is for debts under £15k, assets under £300 (but £1k for a vehicle) and less than £50 left at the end of the month. It is similar to bankruptcy. The criteria is quite strict so if you are able to make payments into an IVA, it may not be an option for you. Have y...

So sorry to hear about your recent losses. I'm sure this is a terrible time for you and everything is up in the air.

I echo Michael's comments, you can contact either of us anytime even if it's just for a chat [:)]

Hi fonceyhume

Brilliant news...I wish you all the best for the future [:)]

We all have to vent at times - better out than in [:)]

Hi Cheryl and welcome to the forum. Yes you can still be eligible for an IVA if you are a homeowner, depending on the amount of equity in the property. If you are considering an IVA, have a look on IVA.com and get in contact with a few companies to see if and IVA is suitable for you. Let us know how...

What a cheesy present Mel lol [;)] but could've been worse from Amsterdam!

I must say my hubby's very thoughtful with gifts...no hoovers or washing machines...yet!

Hi Claire Welcome to the forum...glad we can help and I'm so happy for you. We discussed all your options in detail before you finally opted for the IVA. It was originally based on monthly contributions but the lump sum is a great way for you to clear your debts a lot quicker. I hope everything work...

Hi hrb150 Depending on which firm you use the IVA could take from 4-5 weeks to 3 months. Have a look on IVA.com and speak to a few companies so that you're armed with information on all your options. Your creditors don't attend the meeting and you don't have to either. As Harpic has quite rightly sa...

Hi Lisa

The limited company would be totally separate and you should be able to open a bank account for the company.

Are you forming a new company or do you need to open a new bank account for an existing company?

Hi dipsy You can contact the credit card companies yourself to see if they will stop interest and charges on your accounts, but you may find that they won't. As Andy has said, the IVA automatically suspends interest and charges and whilst it is not guaranteed in a DMP, in most cases creditors will a...

Hi Lauren

IVAs could be options for you and your partner and you could propose interlocking IVAs with just one monthly payment for both.

I would advise you to have a look on www.IVA.com and talk to a few companies.

Let us know how you get on [:)]

Great news...you must be delighted! [:)]

Hi nittykitty

You can do it either way - whatever suits you. I would say most wait until the annual review but if you receive regular bonuses or overtime, you can make the additional payments when you receive the extra income.