Hello. I had my review which was not at all as bad as I thought, I had ideas they would cancel the DMP as I couldnt afford to pay as much as previous months. I am now paying £124pm. I definitely think that Bankruptcy is something I should investigate and am going to look for 'Guides to Bankruptcy'.

Phew!! Thanks Skippy. Severe panic attack about the propsect of giving up 50% of my income, LOL! I think I need to get more of a background knowledge into IVA's / Bankruptcy, am finding the jargon and abbreviations quite confusing.

Hi Emily,

OMG!! 50% of my income! My rent is almost 50% of my wages, not sure what the IPA is yet but if they want 50% too I am not sure how it is going to work.

Thanks Skippy13! Will have a read!

I am considering bankruptcy although I have not got much details about it. I was put off by hearing stories of not being able to keep bank accounts and solicitors fees/court costs. Any good info guides you could recommend? In a few months my spare money will at least double to £300, I am currently p...

Hi Philip,

My debt is £61,000!![:0]!! I have £150 per month to give to the creditors. When I first did the DMP it was estimated that it would take 22 years to pay of my debt, I started the DMP in 2005!

Thanks for the advice. I have two accounts, both of which are in credit. One of them, Barclays, is also one of my creditors. They did allow me to keep the account after my DMP but changed it to a basic bank account. I have my review for my DMP this evening, I always stress about them! My circumstanc...

Hi, If I undertake an IVA will I still be able to keep my bank accounts?