Debt advice regarding iva's/bankruptcy

Robflh

Hi So Sad Angel

I would say the same as Dave. If you have not started you own thread do so soon and we will do everything we can to help you. If you have or do start a thread post a link to it here.

Toon_Dave

hi Rob,

i discussed at great lengths with the IP and CCCS what other options i had with selling house privately etc and clearing debts that way, but as it would be a rediculous amount to pay back and an un-reasonable time frame they all felt i would be declined an IVA. However if i go BR and pay for the IPA - which i may or may not have to, then i will only pay 50% off surplus income to the IVA if i have more than £100 free.

(EDIT -->) Also i have a Basic bank account with Barclays and they and the CO-OP are the only two banks that will allow you to have bank accounts while BR, so i wont need to cancel account, My OR will contact bank after BR to advise so account unfrozen immeadiately for payments etc.

With regards to the rental, as long as i rent before declaring BR and there is nothing in the Tenancy aggreement on BR then there is no problem. I do not legally have to tell any prospective landlord my intentions as long as i can pay deposit and rent - and as long as employer references are suitable (which i know they will be).

i am working on my pre BR SOA and will post that along with proposed one for renting after, which wont include the loan payments etc.

Thanks for the info Rob. I will keep you informed how things are going.

Dave