Hi Mel, We're currently paying £324pcm, but our usual payment is £371. We're on a slight reduction following a conversation with our IP as we cannot afford to pay that much. I think the biggest problem is that when we did our initial income and expenditure, we were advised how much they could get aw...

Thanks to all who have replied. The CAB advisor did say we would have to get the IVA annulled, but he was not sure how long it would take. I was simply told we had to write to the IP telling them this is what we wanted to do. What I need to know now, in light of your responses, is this: Are the repe...

My wife and I are in an IVA which is not working for us. We have been to the Citizen's Advice Bureau and are starting proceedings for bankruptcy. We were advised to get the IVA annulled, but I can't find any information on how to do this.

Any help would be gratefully received.

Regards,