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If I go Bankrupt what expenses can I include for children?
You should include a budget for your children in your Bankruptcy living expenses. What is reasonable? What if children have left school or not working?
Can I use an IVA to protect me while raising a lump sum
An IVA can be used to give you time to raise a lump sum from your property or elsewhere. Will you get protection from legal action?
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.