please explain

putty71

Hi
I currently have a major debt problem, 30 k to be honest. I have nowhere to go with my mortgage and I am now really struggling to pay cards etc.
Can someone please explain what an IVA is, who is best to deal with this and would it affect my wifes credit rating-The cards are in my name. I realise that I would have to pay so much off a month, but how do I go on for living costs and the like?
I have been silly but now realise that I need to do something and I am worried.
Any advice would be appreciated.
Thanks
Putty

putty71

Also is there a template for me to display my statement of affairs here?

To_be_Free

Hi,
First thing to do is to read Martin's IVA guide which you can find at the top of the Debt Free Wannabe forum here.......http://forums.moneysavingexpert.com/forumdisplay.html?f=76
And this post will help you with your SOA here.......http://forums.moneysavingexpert.com/showthread.html?t=107280