http://uk.biz.yahoo.com/14082007/35/big-iva-problem.html For those that are interested in the IVA world this is an interesting article that summarises where we currently are in the current battle between the Banks and IP's. In defence of the downtrodden IP I'd just like to draw out some of the weas...

Sent all our documents off a few days ago(took us an age to find it all), had a letter this morning with less than half of the documents in it....post office had some how opened the envelope & have lost nearly everything, all our wage slips, mortgage details & bank details are missing.[:(] Apart fro...

Thanks all for your help, it's a daunting prospect but hopefully we'll come through it in the end. Glad i found this site as some of those tv/website adverts can really give a false impression to people who are vulnerable because of debt. The whole 'write off up to 75% of your debts' line they give ...

Thanks for the replies. Just one more question. What happens if in year 4 we couldn't obtain a remortgage due to our credit rating , would we have to sell the house to raise the funds ? If we've paid 12k to our creditors (out of an initial debt of 29k)would we then have to find the 17k remaining ? I...

Thanks for your reply, we could only afford about £300 a month ( can't see them being overly happy with that amount). We were fine until i lost my job 18 months ago, i've since found it difficult to find employment at a similar salary level. The problem with having to remortgage after 4 years is tha...

Hi all, My Wife & I owe £29,000 to various creditors & i was wondering if someone could give us some advice ? We've looked at IVA's & bankruptcy and feel an IVA might be the better option as we need to keep control of our mortgaged home as we have 3 children, rents are also higher than our mortgage ...