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Fast Track Voluntary Arrangements
Movingon_2
Posts: 6 Forumite
I asked the question below in the stepchange thread but would also value anyone else's opinion....
There appears to be a very low uptake of FTVAs after Bankruptcy is this because they are hard to obtain or simply not worth it? I have just been declared BR and might be able to raise £8000 - £10,000 from third party sources. My total debts were just over £67,000 based on this would I be likely to be successful with a FTVA application? In total I had ten creditors.
It is unlikely that the OR will achieve an IPA as I am on a low income and I have no assets to dispose of.
There appears to be a very low uptake of FTVAs after Bankruptcy is this because they are hard to obtain or simply not worth it? I have just been declared BR and might be able to raise £8000 - £10,000 from third party sources. My total debts were just over £67,000 based on this would I be likely to be successful with a FTVA application? In total I had ten creditors.
It is unlikely that the OR will achieve an IPA as I am on a low income and I have no assets to dispose of.
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Comments
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Anyone?? Would appreciate any guidance thinking on asking for paperwork tomorrow0
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Thanks did you ever hear of any minimum level (pence in pound) guidance.0
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