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dmh
Starting Member
1 Posts |
 Posted - 22 June 2009 : 21:11:19
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| i am a sole trader, i have business debts to several companies of approx 5000, i also have personal debts of approx 16000. my income is up an down being self emolyed and one company is about to start bankruptcy proceedings. i have looked at iva's but do not know if i can do this with my current income/expenditure. what is the best course of action thanks damian hill |
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leakie
Junior Member
United Kingdom
158 Posts |
Posted - 23 June 2009 : 05:29:29
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Hi dmh
I was in a similar position but with much higher debts,
I would seriously look into an IVA,
You will end up paying so much in the pound
You need to get expert advise, to look at the figures, before you decided what to do,
don't what I did and bury your head in the sand,
I am sure an expert on the forum will be along soon, or just give the help line a call and talk it through.
All the best
Leakie |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 23 June 2009 : 10:26:31
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If you are thinking about an IVA, then you need to speak to an IP and they will go through all the options available to you. This information is free and impartial and will help you make up your mind as to what you can do.
If you visit www.iva.com you will find a list of companies and reviews. They are all highly recommended.
The glimmer gets brighter all the time
Jan
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i am a sole trader, i have business debts
