Monthly Archives: January 2011

Do all my creditors have to accept my DMP payments?

Not all of you creditors have to accept your DMP. How long will it take for them to accept? What if a creditor rejects? How to manage threats of legal action.

Do I have to include my partner’s income in my IVA

You usually have to declare your partner’s income if you start an IVA. Does your partner have to pay your debt? What if your partner has their own debt?

If you go Bankrupt it may be harder to keep your home

Rules about how much you must pay to buy the beneficial interest in your home after Bankruptcy. Will the OR accept offers? Can the OR issue charging orders?

If I do a Debt Relief Order will my belongings be taken

You can keep all your reasonable possessions if you start a Debt Relief Order. What is reasonable? What about your car? What if you are a home owner?

Can I include a Charging Order debt in Bankruptcy?

A charging order cannot be included in Bankruptcy. What happens if the property is repossessed? When should you allow your property to be repossessed?

Can I add a tax debt to a Debt Management Plan?

It is difficult to include tax debts in a Debt Management Plan. Can you negotiate a separate payment plan? Should you start a different debt solution?

Why has UK consumer debt increased? Is this a problem

In recent times, the average level of UK consumer debt has been on the increase. We ask why this could be and whether it actually matters.

Avoid getting into debt over Christmas start saving now

Saving for next Christmas should start in January. How to decide what you can afford to save. Advice on how to save.

Are my car expenses too high to start an IVA?

Your car expenses are included in your IVA living expenses budget. Creditors can be flexible about what you spend. Expenses must not be unreasonable.