Bankruptcy and an individual voluntary arrangement (IVA) are both forms of insolvency....
I’m debt free – this is how I did it
The MoneyAware team recently travelled to London to meet with one of our former clients, Niki, who had just completed a debt management plan (DMP).
We spent an hour or so talking with her about her experiences prior to coming to us for debt help. We also discussed how she learned to budget for the first time with our assistance.
Niki also revealed that after becoming debt free she started to talk about her past troubles with friends and family and discovered that many of them had their own debt issues.
She wanted to pass her experiences on to other debt management plan clients and show that there is hope for those coming to terms with problem debt.
Niki was at her most candid when she explained how it felt when she finally completed her DMP. The emotions she experienced at the moment she realised she was debt free were a joy.