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IVA help

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Comments

  • ryan008
    ryan008 Posts: 11 Forumite
    First Anniversary First Post
    Yeah okay. Thanks for your help.
  • RAS
    RAS Posts: 33,614 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Just make sure you make HMRC a priority creditor if you do have debt to them. They do make people bankrupt.

    Consumer debt providers buy up debt for a portion of the original value. They can usually make a good profit if you pay back 40-50% via a DMP, so they are not going to waste £680 hoping to get you to pay back the same via bankruptcy. 

    With old debt they might settle for less than 20% full and final.
    The person who has not made a mistake, has made nothing
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