About the advert that says government legislation allows you to write off up to 75% of the debts you can't afford to pay...

[TooTicky]

...does anybody know more about this legislation, or how to find out more?

I think thats an IVA isn't it ? Where they negotiate with your creditors and get them to write off a certain amount of your debt and then you agree a repayment plan for the rest over 5 years. Once thats paid of your all clear.

What does IVA stand for? And do you have to hire a company to do the negotiating?

I think it stands for Individual Voluntary Arrangement. There are lots of companys that you can do them with I think but it's wise to contact someone like National Debtline or Consumer Credit Counselling before you agree to anything.

Theres a bit about IVA's here

Thanks Nutcracker.