havnt had the IVA proposal since september

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Adam Davies

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Post by Adam Davies » Wed Feb 06, 2008 7:47 pm
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Hi
You need to contact a reputable debt management company and discuss your situation.You could arramnge payments yourself but this can be stressful and time consuming.How much spare per month do you have to split between your creditors ?
As you are not a homeowner you neeed to seriously consider bankruptcy
Regards
Andam Davies
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jmb

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Post by jmb » Wed Feb 06, 2008 9:18 pm
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we only have £200 spare a month.Grant Thornton mentioned bankruptcy but we dont really want to do that.
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jmb

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Post by jmb » Fri Feb 08, 2008 10:23 am
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Does anyone know if £35 a month is about the normal for fees on debt management plan?Thats with myvesta..just sounds alot to me.i havnt paid any of our debts for 5 month and need to get a dmp now!
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ianmillington

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Post by ianmillington » Fri Feb 08, 2008 10:58 am
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The industry standard is 15-16% so £35 per month on a £200 contribution seems about right.
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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