to IVA or not to IVA?

newuser10

In a nut shell i have paid off 50% of my debt last year (about 50K) with the balance of 16K cards and 5 year loans to go (split between my self employed business and 20K personal). last year was achievable as I gave back assets ie cars etc, but of course now its down to paying back good old cash and therefore my monthly outgo with my rent is in my opinion crippling. I am self employed which means harder to get consolidation loans and the credit cards are now unavailable to me for transfers since the credit crunch. One is Egg which is extortion at 27% (luckily only 3.6K of the debt). So do I soldier on for the remaining 5 years without a life, and as you can imagine constant worry or IVA or maybe another solution i dont know of? I really want to buy as i have no savings or pension so I have something to leave my kids! Help!!

debtinfo

can you afford the monthly payments as they are, do you have any assets, if you can't afford the monthly payments what can you afford. Remember the IVA allowances are going to leave you fairly constrained as well