Latest Articles

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An IVA whilst on furlough

With millions now on furlough the question is being asked, can an IVA still be for me? And the short answer is yes it might be. We may be receiving help from creditors or help... Read more
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An IVA when made redundant

Fundamental to applying for an IVA is evidence of income. This is usually via payslips for the employed or tax returns/accounts for the self-employed. For those who have lost... Read more
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An IVA when separating

One of the sad consequences of lockdown is the deterioration of some relationships. Maybe spending so much time under the same roof exposes and widens cracks in our relationship... Read more
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An IVA when self-employed

The self-employed are not immune from debt problems. In fact given the erratic nature of their income, often cash flow problems emerge – bills need paying on time, but i... Read more
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Debt matters

The average household is £13,000 in debt (excluding mortgages). The average credit card debt is £2504 according to the Money Charity (March 2017). If we’re fortunate enou... Read more
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Could an IVA be the answer?

One of the serious consequences of the Covid-19 pandemic is that more and more people are going to find themselves in serious debt. Not that personal debt and insolvency was... Read more
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What can I do about my IVA during lockdown?

The key information recently provided by the Insolvency Service suggests that help is on hand for those struggling with IVA payments during the current Coron... Read more
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Can I still apply for an IVA in lockdown?

The Insolvency Service has just issued guidelines on the impact of the Coronavrus and those looking at IVA's (or other insolvency debt solutions). Contrary to... Read more
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Coronavirus and the future

It feels like we are existing in a bubble at present with isolations, lockdowns and everywhere closed. Some have speculated that coming out of this crisis, whenever that shou... Read more
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Coronavirus and my IVA

The coronavirus is creating plenty of problems for everyone – not least those in IVA’s. If you find yourself in a position where you can’t make your regular IVA... Read more
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Coronavirus and my debt

Clearly we are living in unsettling times. Unprecedented lockdown requirements followed by uncertain employment status has led many to seek further financial help. And help in f... Read more
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The cost of an IVA

There are always fees involved in an IVA. The Insolvency Practitioner is a professional who needs to be paid. Time and expertise are required in ascertaining the facts of an individ... Read more
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Too proud to seek help? A personal story.

My story began several years ago when my wife had to give up work with a serious back complaint, at that time I had one son in university and another son just... Read more
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Things I wish I had been taught

Money management should be an essential part of our school curriculum. Thrust out into the world with its bewildering choices and endless opportunities, we need some pre... Read more
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My debt - my fault?

There is a perception around that to be in significant debt, there must be some recklessness around. We’ve enjoyed the high life for a few years and its now payback time. And... Read more
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The blame game - a personal story

Anxiety, embarrassment and fear – those were the three words that consumed me as I saw my finance situation spiral out of control through no making of my own. &... Read more
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Case study - maternity costs

The arrival of Hannah was meant to be one of the happiest events in Felicity and her partner’s lives. And indeed it was. However, Felicity on sharing her story, admit... Read more
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Case study - joint debts - different solutions

David and Sarah have been married for 5 years and during this time each had accumulated debt. Apart from their joint £500 overdraft, David had a loa... Read more
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Case study - paralysed by shame

Looking back, Brian was unsure why he had been so reluctant to admit there was a problem with debt. All debts were paid on time, and because his outstanding credit ratin... Read more
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Case study - can I offer a lump sum?

Jane explained that she had been struggling with debt since her late teenage years over 10 years ago. Overspending when she first was offered credit led to pat of h... Read more
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New Year - new habits: hope for the future

Light at the end of the tunnel is a recurring theme for those winning the battle to complete an IVA successfully. Its a recurring phrase because it sums up th... Read more
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New Year - new habits: no more credit?

Credit can be very seductive. Advertisers have made a fortune on the back of the buy now, pay later rhetoric. Interest free credit, 0% balance transfers, cars we... Read more
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New Year - new habits: minimising outgoings

One of the common themes of the stories from those who have undertaken an IVA is the need to live within a stricter budget. This involves care in where our m... Read more
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New Year - new habits: working overtime?

To be honest, it’s difficult to increase income during an IVA without it affecting the IVA payment level. This payment level is based on affordability and... Read more
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IVA? Wrong decision!

Graeme did all the right things with regard to his debt. He researched options. He spoke to 3 different companies and didn’t allow himself to be pressurised by anyone until h... Read more
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Thinking again about a rejected "joint" IVA

David and Sarah have been married for 5 years and during this time each had accumulated debt. Apart from their joint £500 overdraft, David had a loan a... Read more
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The ostrich approach

Looking back, Brian was unsure why he had been so reluctant to admit there was a problem with debt. All debts were paid on time, and because his outstanding credit rating, there wa... Read more
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How about a lump sum IVA?

Jane explained that she had been struggling with debt since her late teenage years over 10 years ago. Overspending when she first was offered credit led to pat of her income a... Read more
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IVA EXAMPLES - when it was the wrong decision

Graeme did all the right things with regard to his debt. He researched options. He spoke to 3 different companies and didn’t allow himself to be pres... Read more
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IVA EXAMPLES - when a baby arrives

The arrival of Hannah was meant to be one of the happiest events in Felicity and her partner’s lives. And indeed it was. However, Felicity on sharing her story,... Read more