IVA Can anyone help?

D3ntal

Hi I am VERY new to this but need help from someone.

My mum and Uncle had to sell their business when he became Ill and sadly passed away.

They had just started to get an IVA, however i'm not too sure about it after reading into them. She has been told that it will be for 3 years and she has to put her house on the market now to show the creditors that she is doing what she can to get the money together, she has not been told anything about monthly payment either. Does this sound correct? Again when reading into them it sounds like it is for 5 years and you make a payment each month.

Is it too late to look into changing the company she is with? She is just waiting for the final figure from the companies.

Any suggestions would be very welcome.

IF

Hi D3ntal and Welcome before your Mum signs anything please contact one of the Debt charities and if you have to ring them all!!


Main recommended sources of help:

• National Debtline - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)
• Consumer Credit Counselling Service - Website: CCCS Telephone: 0800 138 1111
  

Others:

• Business Debtline - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

Also do post your question on the IVA and DRO board for more support and advice.


IVA & DRO Board - Click here


Best wishes
If...x

D3ntal

Thankyou, she has a meeting with citizens advise in a few weeks (they are busy people!)