Posted: Wed Oct 17, 2007 7:39 am
We had our proposal through, our original debt I thought was 63k, astually after ringing the loan companies for a settlement figure its up to 76k!
Waiting for the postman for exact figures but this is what was said to me on the phone.
Our expendtiure based on a 5 person household, was given as £2600, our income after tax n ins would be £2500, how are they working out we will pay back £500 per month?
They know my husband will be doing some overtime of which we will have to pay 50% into the IVA but this is not guaranteed.
Would we be better off going bankrupt?
Waiting for the postman for exact figures but this is what was said to me on the phone.
Our expendtiure based on a 5 person household, was given as £2600, our income after tax n ins would be £2500, how are they working out we will pay back £500 per month?
They know my husband will be doing some overtime of which we will have to pay 50% into the IVA but this is not guaranteed.
Would we be better off going bankrupt?
