Should I have done a DRO instead of an IVA?

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Dean4800

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Post by Dean4800 » Thu Sep 26, 2019 1:33 pm
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Hi in IVA, been struggling but keeping up with payments just wondering if IVA was best for me and not DRO I own nothing after I have bills left with 270 month but got to get food, clothes, subscriptions out of this. I owe about six grand
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kallis3

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Post by kallis3 » Thu Sep 26, 2019 2:14 pm
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It seems a very low amount for an IVA. Which company are you with?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Foggy

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Post by Foggy » Thu Sep 26, 2019 4:10 pm
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If they did an I&E which found you had a disposable income of more than £50, to which you will have agreed, then you would not have qualified for a DRO. What is your monthly IVA payment ?

This was all addressed in your last post on the same subject here: not-sure-iva-was-right-thing-t87672
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Dean4800

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Post by Dean4800 » Thu Sep 26, 2019 5:59 pm
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Hi iam with johson geddes my monthly instalment is 164 but my council tax is included first year not sure why
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Foggy

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Post by Foggy » Thu Sep 26, 2019 6:17 pm
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Thu Sep 26, 2019 5:59 pmDean4800 wrote:
Hi iam with johson geddes my monthly instalment is 164 but my council tax is included first year not sure why
Council tax is actually a debt, being really due in full on the start of the financial year.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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