All Forums  archive  bankruptcy postbag for june  DMP vs BR

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by mst[/i] [br]Hello everyone, Just heard back from my first creditor regarding the Budget forms I sent out last week indicating that I am not longer able to afford their minimum payments. A very polite lady from Cahoot called me back to say that Cahoot were going to put a hold on my account for 1 month. They also said they would only consider a DMP that was set up by a 3rd party and recommended the CCCS. Does anybody have any advice on here for the best way of setting up a DMP that would be accepted by all my creditors? Also could somebody please advise if there is any legislation with a DMP that says that if over 75% of the credotrs agree then all must agree as is the case with IVA?? I am willing to enter a DMP as opposed to BR but only if I have a "reasonable" amount to live off and a date in the future when I will be debt free. I am not going to live of £30 a week in a job in the City where it costs £5 just to get a sandwich, packet of crisps and a drink from M&S. Disgruntled mst [/quote]   Check here to include your profile signature.