We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
IVA help
Options
Comments
-
Yeah okay. Thanks for your help.0
-
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.If you've have not made a mistake, you've made nothing0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards