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Tag: IVA

Bank of England Personal Debt

1st December 2016

Bank of England Personal Debt The Governor of the Bank of England, Mark Carney, warned on 30 November 2016 that levels of personal debt is on the increase in households across the UK. He stated that

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Mortgage shortfall and divorce increases indebtedness

5th October 2016

Client: MJT Employed: Security Officer Amount of debt prior to IVA: £14,300 Monthly payment into IVA: £150 Number of Creditors: 5 Original debt solution: Debt Management Amount of debt reduction

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Retired couple struggle to manage debts

5th October 2016

Client G & GC Employed: Both retired Amount of debt prior to IVA: £4,400 Mr / £28,000 Mrs Monthly payment into IVA: £157 Number of Creditors: Jointly 14 Original debt solution: Debt Management

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Shortfall on mortgage after repossession increases debt problems

28th September 2016

Client C G-Y Employed: Nurse Amount of debt prior to IVA: £40,100 Monthly payment into IVA: £140 @ 53 & 297 @ 7 months Number of Creditors: 10 Original debt solution: No previous arrangement

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Divorce and legal bills add to debt worries

27th September 2016

Client LA Employed: Self Employed Painter and Decorator Amount of debt prior to IVA: £18,900 Monthly payment into IVA: £150 Number of Creditors: 3 Original debt solution: No previous arrangement

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