www.iva.co.uk

I really can't get my head around how things work.. under what circumstances would an IVA be declined generally... we are starting the ball rolling tonight witha telephone interview with Melanies team but worry whether we would be accepted we have approx 45K unsecured debt and have a joint take home pay of approx 2500. We both have a Cahoot loan of approx 3000 each ahubby has a lloyds tsb card of 11000 and i have a lloyds tsb loan of 2,500. we have other cards and I have an old debt which has spiralled due to an invisible ex who didn't pay his half which is approx 11500

Probably best asked after tonight's meeting rather than before! Almost 90% of IVAs which are proposed actually are accepted, so there is a good track record to work on. The key is to putting your very best proposal forward and then convincing creditors that there is no better way forward for them.