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What would you do?
Comments
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longtermplanner wrote: »If you only have a surplus of 340 a month an IVA is NOT suitable! Phone Payplan and tell them you want a DRO. If they say you don't pass the "surplus £50" or any other criteria, ask them to explain why and come back here to check.
Your partner's car is irrelevant for a DRO.
I have £150 per month surplus and have been advised to take the IVA route with £50k unsecured debt!0 -
cheeseoatcake wrote: »I have £150 per month surplus and have been advised to take the IVA route with £50k unsecured debt!
The '340' in the post you quoted was a misprint - should have read '£40'.
An IVA on £50k debt at £150 per month sounds reasonable if your ip can push it through at such a low percentage. Why are you not going for bankruptcy?0 -
The '340' in the post you quoted was a misprint - should have read '£40'.
An IVA on £50k debt at £150 per month sounds reasonable if your ip can push it through at such a low percentage. Why are you not going for bankruptcy?
We love our house modest 3 bed semi in a reasonable area, £60k equity between me and OH.
GT said we would probably have to sell if I go bankrupt.
Kind regards0
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