re iva

[tonic6473]

i am in an iva and have been for 2 years, with blair endersby, i had personal debt on cards totalling £100k and although i wanted to repay as much as possible, but feel that i was not advised well enough that i should have gone for bankruptcy.
would this have been better ?
also where i moved jobs recently i have got a pay rise, but my petrol costs have risen to £250 per month and the original IVA was £100, and also the other costs of everything going up i am actually no better off but have a better working life.
is it in my bests interests for me to declare bankruptcy to get out of my IVA and would i still be able to keep my car as with the amount i have to travel otherwise i would lose my job as the car is on a hp purchase through my sister as guarentor and the payment for the car is within my IVA would this continue with bankruptcy.
i feel very sorry for anyone who is going through what i am it is unbelievably stressful and a nightmare waiting for answers.
any help would be appreciated

[MelanieGiles]

Hi tonic and welcome to the forum

Only you can determine whether you would be "better" off by being bankrupt - this is not always about financially, but morally as well.

How much is your car valued at currently? And if you have paid into your IVA for two years, and will pay for another three if you receive an IPA or IPO, is there much point in declaring yourself bankrupt at this juncture?