www.iva.co.uk

Hello! To those that remember & know me!

Right to get straight to the point my mother in law is in about £7,000 worth of debt to one creditor, being a bank account & credit card, she's got herself into trouble & stopped paying & changed bank accounts about 2/3 months ago, can't afford the repayments or to pay off in full. Moved house about 2 weeks so no longer getting any letters, but not opened any letters that she has had & saving them for me to open. Which I'm not going to get to do till at least after Christmas.
Being away from the forum for so long (which I miss) I'm stuck where to start as to what to do to help her. I remember debt relief orders & Debt management plans may be suitable but I'm out of touch & could really do with being pointed in the right direction of anything that could help.
So any help at all would be really greatful.

Many thanks Lyns X

I'd head for your local citizens advice bureau. Best of luck helping out.

Paul

Hi Lyns ..good to hear from you although not necessarily in these circumstances.
Your right that a DMP or debt relief order maybe appropriate route. She needs to speak to couple of experts for guidance as without knowing her full income and expenditure details forum advice is limited. It might be worth looking at profiles of the experts on the page and contacting two or three of them.
The local CAB may also be of use for more local advice

I also think the CAB may be a good starting point, taking all her expenditure and income details along to her appointment. As you know there will be a solution but finding the best one is key here.

x

I would offer to look at a DRO for her, if appropriate, but I finish today and am not back in till Jan 4th.

If she can wait till then I will happily have a chat with her if you wish.

Regards.

Hi here's a link on DROs which should be useful. Might be the best option if the criteria applies for youur mum

https://www.gov.uk/options-for-paying-o ... ief-orders

failing which, as its only one creditor, she could contact them and get some time to pay and see if they will freeze interest, basically a debt management plan but cut out the middle man. This will mean she will need to pay the debt back.

3rd alternative will be to get a third party to offer a F&F settlement.

This depends on your mums financial situation - disposable income and assets etc.

Hi - thank you for all the replies, all have helped me feel I can help her better. I roughly know her income but her expenditure I don't know, I know she has no assests or savings or means of getting hold of any money.
My MIL works right through Christmas & im not going to get the time to go through her I&e till after the Christmas period.
I'm glad she told me n she knew of our previous IVA & time I spent on the forum, which I'm still forever grateful too for getting us through a IVA.
I will chat with MIL n let her know all the above & be back in touch to get the help she needs. Thank you x

It is good that she has stopped paying and once she gets Christmas over I would be tempted to take Mike up on his offer of help with a DRO. £90 to get rid of £7,000 seems a pretty good deal to me!

Let us know how you get on. Hopefully Size 5 can help.

With regards to a DRO, Viki who posted on here and now posts on the sister forum has just been appointed an intermediary for DRO's and can be contacted via Vincent Bond.

What is the sister forum please?

The Bankruptcy forum.

Very different.

Interesting - looking at the members, one posting on a previous name used on this forum...

Anyway back to topic, hope your MIL is getting sorted Lyns. Merry Christmas to you and your wonderful children. x