To all of you who gave me advice when asking what/how/why/is it for me? questions, thank you. My IVA was approved on Friday, with an amendment required from Barclaycard to increase the £280 to £355 per month. The purse strings will get pulled a little tighter but it is manageable. At least the cycle...

Hi Julie.04, I am currently in the same position of never missing a payment and sent my proposal off on the 18th Oct. My debts are with CC (Barclaycard x2 and Cahoot) and loan from Nationwide. I told them all that I was having cashflow issues, that I had to prioritise payments and my nonsecured paym...

Andy / Michael,

Thanks for the responses. It's still all very new to me and I'm learning all the time.

I'm a director of a limited company which is made up of myself and my wife. I'm about to start an iva on my own but I've been told by my accountant that the directors loan outstanding at present by company should be included into iva. This now seems like I have become a creditor to myself. Is this p...

Hi Andy, I think you have just turned a light on for me. Its the 'joint disposable income' is key, rather than myself paying 50% of the bills and my wife 50%. I assume that my wifes cards (£430 p.m) that should be on the I&E also but they are in theory an essential payment as they are not part of my...

Thanks Melanie. I've already given the go ahead with a letter of intent to the independent ip yesterday, and have completed the i&e and am waiting for them to come back to me regarding this. I've since discovered this forum and think I may have jumped a little quickly. Is it too late to get more adv...

Hi foggy, thanks for the response. All my debt is only in my name, hence only myself in the iva. I could understand a household i&e if both myself and wife were applying for the iva. But as it is just me with sole debt, I would have thought that 50% of the i&e would be looked at, and any shortfall b...

Hi all. Could someone give me advise on the following I have spoken to payplan and an independent IP. I have sole debt of approx 50k with my wife debt of approx £15. All payments have been serviced to date, but have been bouncing along for the last few months robbing Peter to pay Paul and th iVA see...

Hi Melanie, I have personally guaranteed business debt and balance sheet is -25k or so. Company profit is circa 50k per year, but dividend was increased to cover cc payments in bad times. Business is good, but personal debt is crippling. If accepted for iva, then I hope to get business back in the b...

thanks for that. Were the accounts that you opened 'normal' accounts or basic accounts?

I've been recommended an IVA for myself and am worried how this will affect my bank accounts. I have both accounts (business & joint personal) with the same bank along with a credit card to be added to the IVA. The business is a limited company run by my wife and myself, so this I believe should be ...