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Advice Please - Thinking of IVA or Bankruptcy - am on DMP but struggling!


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Hello,

I would be very grateful for any advice / input on my options to move forward with my debt.

 

 

I currently owe £50k to about 11 creditors.

 

 

I have been on a DMP for 3 years paying £140 a month.

 

 

I am self-employed,

 

 

I rent and now live by myself so am covering all bills etc.

 

 

I will be paying off debt until 2046 so

 

 

am thinking IVA or Bankruptcy may be better solution to enable me to move forward in my life within 10 years.

 

Many thanks in advance

 

FF

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I see from previous threads you've CCA'd everyone

and they came back enforceable?

 

 

whos the DMP with?

 

 

have you looked at reclaiming PENALTY fees and PPI?

always best to do this FIRST before BK or IVA etc

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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