Debtless... for a new start


	What exactly is an IVA?

	How long will the IVA last?

	Why is IVA better than Bankruptcy?

	How much will the monthly payments be?

	When is the best time to do an IVA?

	I am self-employed. Can I do an IVA and continue trading?

Personal Objectives Page

Before you, or Debtless can decided what the most suitable option is, we both need to look at what your personal aims and objectives are.

Why not read the aims below and check each of the boxes below that apply to you right now? This will help get things straight in your mind.

I want to end the worry now
I want to avoid bankruptcy if at all possible because
I am a homeowner
I might want to buy a house in the medium term
I cannot go bankrupt because I would lose my job
I am in business as a sole trader
I am a company director/partner in partnership
I want to avoid any insolvency measure because
I would like to remortgage my home
I would like reorganise my debts
I do not mind if I go bankrupt if:
It stops the worry
It helps get rid of the debts
I will listen to professional and expert advice
I will make a decision to do something positive about the debt

Notes on the above.

Getting rid of the worry

Look, in our experience few people set out to run up debts and become insolvent. Because of many different circumstances you end up under debt pressure. Often this can be because you fail to make a positive decision to act. This can affect you (see health and marriage below).

Often the worry starts to lessen when a decision is taken, whether the decision is to enter bankruptcy, an IVA, or reorganising your finances.

Crystallising the position

Related to above. It is important to draw a line in the sand. Even if the decision is to explore all options, compare and discuss and then wait for other pieces of the jigsaw to fall into place - that is a decision. But monitor progress and ensure that together you are achieving the set objectives. BUT YOU MUST ACT!

Getting on with your life

Perhaps it is just time to walk away form the debts and get on with your life? It is rarely as bleak as you think to go bankrupt -life does go on.

Saving your marriage

The pressures can be very difficult to leave out of your marriage. Your spouse may also be part of the pressure. If so then involve them in the decision making process. They often have an ability to see past the pressure points to the bigger picture.

Decide if the debt pressure is worth losing your marriage? Of course it isn't, so make a decision!

Protecting your family

As per saving your marriage. Remember a family is much more important than debt, or bankruptcy.

Protecting your health

As saving your marriage, alcoholism, stress related illness and other problems can be caused by debt pressure and perceived failure. It is much better to act positively and deal with the problem, this can start to improve the way you feel quite quickly.

Not letting people down

This is an area that affects most people we talk to. But be honest with your assessment of the debt situation you are in, decide on appropriate action and explain the decision. If you are strongly in favour of this course of action and demonstrate a positive attitude and ask for help, this is the best way not to let people down. Failure to act is not.

Conclusion

So you will have ticked a few boxes above, this will hopefully start to form a view in your mind as to what is required next.

Now that you have considered /planned out some of your objectives you may be better able to plan what to do next. Why not click one of the buttons to the left, explore what you think is the most appropriate option. There are lots of guides to help you, why not explore them all? Or click on of the options below.

If you are still unsure call us on 0800 195 6762.