www.iva.co.uk

I have quite a large amount of debt my problem is most of it is with one creditor therefore I feel that an IVA being approved is highly unlikely there are 5 creditors in total!
has anyone had an IVA approved where most of there debt was just with 1 creditor?

GOOD MORNING - I cannot unswer your question as I am not a technical expert but I do feel you should take advice from an IP as soon as possible before your situation gets any worse. You will find a list of IPs on www.iva.com and you will receive free initial advice. I can recommend Melanie Giles who is first rate and does deal with IVAs which are complicated or out of the ordinary. Melanie took me on board when 7/8 coys said "no chance" and got mine through at the first attempt.

Hi Activearrow and welcome to the Forum.
As Max says you shpould contact an IP firm for some free advice and all questions can be answered taking into account your personal circumstances. However, an IVA be proposed for as little as one creditor in exceptional circumstances and the fact that you have the majority of debt to one creditor is not a bar to proposing one. It would require the agreement of that creditor otherwise it would be rejected so it depends who the creditor is. If you do not meet that creditor's criteria then you do have the option of bankruptcy or debt management so contact an IP firm to discuss your situation. Good luck.

Hi Activearrow, good evening and welcome to the forum. Getting an IVA approved is subject to a whole number of criteria and is particular to your own situation and affordability. Creditors differ on what they will and won't accept so it is best to get professional help in understanding what your options are based on your own details.
Regards,

Who is the main creditor, activearrow?