i would suggest you speak to the cccs and they will be able to look into your income because i am currently looking into an iva as well but i think you need to have a surplus every month in order to eligible.

I'm not finding the cccs particularly helpful. When I first went to them in Feb the only solution they offered was the dmp. When I commented to them recently about how long it was going to take me to pay my debts they just said they would look at it again in 6 months. I don't see the point in that because unless I win the lottery nothing is going to have changed.

Hello liviangel,

It does sound as though a trust deed could be an alternative well worth looking into.

CCCS don't offer trust deeds. They could refer you to a trust deed company, or you could find one yourself (that you have reason to trust) to talk this through with them directly.

The amount that you would pay into a trust deed will be worked out in a very similar way to the way CCCS have worked out your debt management plan payment. Any good trust deed company, after going through that exercise with you, will be able to tell you the likelihood of the trust deed becoming protected.

Hi joe9, I just wanted to welcome you to the forum as well.

You mention an IVA in your post and I notice from your public profile that you are based in the Glasgow area. If that's the case an IVA is unlikely to be available to you as it is a debt solution (in some ways similar to a protected trust deed) that is available in all parts of the UK other than Scotland.

Hi Liviangel,

Just wanted to reassure you that as there is little/no equity in your property then you certainly should be able to set up a protected trust deed without losing your home. However, having heard all sorts of stories on this forum, I would strongly urge you to discuss the property situation fully with your chosen insolvency practitioner before signing up to anything.