www.iva.co.uk

I am think about a dmp - but in the next 3 months hope to set up a buisness - to make money to pay off the whole debt 40k.
Which is the best way to do this - set up business first then dmp or other way round???

Hello Anne
I would ask, how you intend to fund the business?
To set up a business will cost you more money will it not? So are you not going to find your self in more debt and therefore with a longer debt management program?
What are you currently doing?
Why do you particularly wish to opt for debt management? Have you sought professional advice - not from an intermediary, but from an Insolvency Practitioner with regards to your current circumstances?

There are many issues to consider here - funding is one, managing creditor expectations is another. What sort of business are you planning on establishing, and what start up costs do you feel you will incur?