Latest Articles

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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
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IVA EXAMPLES - recognising the problem

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 credi... Read more
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IVA EXAMPLES - offering 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 her... Read more
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The B word

Brexit has dominated the news for 3+ years now. Whichever side of the fence we find ourselves on, there can be little doubt that the deal/no deal/remain debate is exhausting and ultra-divisi... Read more
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Debt – a student perspective

The range of courses available is more than ever before. You can study circus skills, surf science and horology (its ok – I’ve looked it up – it’s... Read more
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Secrecy and debt

"It was the secrecy that nearly killed me" reported Helen who finally found peace of mind in the acceptance of an IVA. She had hid her growing debt problem from her partner throug... Read more
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Money matters!

The American millionaire Rockefeller was once asked “how much money does it take to make someone really happy”.  “Just a little bit more” he replied. Rich an... Read more
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During an IVA - relating to our IVA company

IVA Companies make mistakes, and people that supervise our case can vary in their availability, empathy and support. Some people do have bad experiences &nd... Read more
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During an IVA - finding support

Debt can be a very lonely place to be and some confess the fact that they even kept their debt from their partner/spouse. Our shoulders are only so broad to cope with th... Read more
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During an IVA - keeping a lid on 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 mo... Read more
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During an IVA - Maximising income

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 increa... Read more
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What happens at a creditors' meeting?

Once the groundwork has been done and the Insolvency Practitioner is satisfied that details are correct regarding a debtor’s income, outgoings, assets and de... Read more
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Do I have to pay a fee to apply for 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... Read more
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Will I need to open a new bank account in an IVA?

Except for the very few, we all need a bank account. And for many entering an IVA, they owe their own bank. Either an overdraft, a loan or a credit car... Read more
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Lump sum IVA's

The assumption so far in this book is that the IVA’s we have been referring to are fixed in length (usually 5 years) and based on affordable monthly payments. But there is a differ... Read more