Just another quick question, as mentioned above we several creditcards/catoluges/store cards with nil balances. Would these lenders need to be informed of the IVA?

Sorry, but can an IVA be applied for in anticipation of missing payments or do we have to be in arrears with some or all our debts?

Thank you very much for your help Melanie, it is very much appreciated.

My husband and I have a number of debts (amounting to approximately £31,400 excluding our mortgage, our student loans and my husband's course fees of approx £6,000 which we don't need to start paying until 2009 but including approximately £2,500 worth of catalogue goods which are on buy now pay late...