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Retired couple enter IVA when debt management plan would take 25 years to repay debts.

6th October 2013

Client Mr and Mrs C Amount of debt prior to IVA: Mr £4,000+ / Mrs £28,000+ Monthly payment into IVA: £157 Original debt solution: Debt management plan Amount of debt reduction if IVA completes

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Personal problems worsen debt problems

5th October 2013

Client CG Amount of debt prior to IVA: £41,000 Monthly payment into IVA: £140 changing to £297 for the final 7 months Original debt solution: No arrangement in place Amount of debt reduction

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