I had a substantial unsecured loan from northern rock when i entered my iva and it went through and if i remember they attended the meeting and voted in favour.

Im just glad it's all over to be honest and in hindsight i should have gone bankrupt in the first place since i had no assets to my name but we live and learn.
Lifes all about learning by your mistakes and one lesson to take from all this is if you cant afford it then dont have it until you can.

Had my bankruptcy hearing this morning and all went well.
I am now officially bankrupt and awaiting a call from the OR.
Thanks for all the suppport.
regrds Tony H

Bit the bullit and i am now going down the bankruptcy route,got my hearing on the 24th of this month.
Will be glad when it,s all done with.

Its not right Ray,the payment break ran out in august(they wanted me to sart paying again from september)but i told them i was still unemployed,as soon as i got my new job(19/10/09)i phoned to tell them i could start to make my payments again and they said a letter was is in the post explaining the ...

Spoke to payplan this morning regarding them making me bankrupt and they say they wont do it because there isn't any money left in the pot. They have had about £15000 paid into the iva over the past 3 years,they say they will send me a letter with what has been paid to who and when,they just dont se...

Thanks for the advice.
Been on 12 hr days this week so haven't been able to try and sort something out.

When i spoke to my ip i explained that i had started full time work and that i was in a position to start to make payments from next month,she said that they had failed the iva and the ball was in my court now and they cant accept any payment. She said we can still help you if you want us to regardi...

I would prefer not to go bankrupt because the 3 years we have paid into the iva would have been a total waste of time.

Hi Melanie,what do you mean by varied.

Yes it was debtmatters who set up the iva

Melanie,i do believe it was done at the IPs discretion,i spoke to payplan when i was made redundant and it was all done over the phone and i never got any letter from them outlining the payment break. The company who originally set the iva up put us both in it so we both owe roughly the same amount ...

Spoke to payplan and they say they have failed the iva becasue the payment break went beyond the six months agreed and at the time i wasn't in employment and they needed to make a decision as they couldn't add any more time onto the end of the iva to catch up with payments. They say i can enter anot...

Been in an joint iva with my wife since april 06,got made redundant in feb 09 and took a 6 month payment break,i have just started work again and today ive recieved a letter from payplan stating that our iva as failed and that they have informed the county court.
What do we do now!!!!

Help.......