Thanks, I think I will look at a DMP for us, and see how it goes. BR is for sure the last resort.

Thanks again for everyones help.

Thanks, thing with a DMP is that its not legally binding, and would just really be putting off the inevitable. I would like to get our problems sorted out now so we cant start afresh if possible. My wife brings home about £520.. after her phone and child care costs she is left with £230 which would ...

I see what you saying, seems that if we had more debt with more creditors (Which really should be seen as worse) we would be suitable for IVA's.... which I would of course prefer than going bankrupt.. So seems like we have to take the heaviest option for not taking out more credit if you see what I ...

Hi, no we rent.. we dont have any expensive assests at all.. an old TV.. a car thats worth about £1500 now.. we use it to get me to work, wife to work, child to nursery, driving to walks and the odd day out when we can afford it. I have no reason not to file for bankruptcy.. like I say, dont own a h...

Oh, I also have approx a £3200 debt with my parents. I haven't paid anything to them for about 8 months, as they have been very understanding about our situation.

Could this be included in the IVA?

Thanks peeps. Ouch, we were only overpaid by about £600 but they also took paying our child care from us, and some of the normal allowance, totaling to about £250 a month. It was still a struggle with this mind.. not being able to buy our daughter many clothes or take her out, but we survived.. now ...

About £320 disposable income.

Thanks for getting back so quickly, Yeh I think the hard bit was having the guts to sit down, and work it all out, rather than just ignoring it and hoping it will all just be ok on its own. We have been a bit pushed the past few months, but have been paying the debts just about. Work bonuses, cash b...

Hi all, Looking for some advice really, Me and my wife have a combined debt of about 28k unsecured with 3 creditors. 2 of the debts are in my name before we got together, 1 of them is joint. Would an IVA suit us? As far as im aware an IVA is for one person.. so if I succeded to get an IVA, the 1 joi...