Hello. I am currently 17 months into a 5 year IVA. I pay £150 per month. My circumstances will be changing this summer, whereby my oldest son leaves home and i am moving in with my partner. I will loose all my benefits (housing benefit etc) due to my partners salary of 35K. I will probably work ful...

Thanks Terry, but Wow, thats alot of information. Im even more confused now lol.

Emma

Hi, Could someone please explain the process of declaring bankrupcy and coming out of my IVA. Im currently 9 months in, and with the rising cost of living and being a single parent of two teeangers, some months i really struggle to put food on the table. Ive read various posts some say...its straigh...

Thanks everyone....the advise has really helped. I have been pleased with my IVA company to date, although the thought of 5 whole years of payments is daunting especially when my circumstances will be changing soon (which wasnt on the cards!).

Emma

So, do many people go bankrupt once theyve agreed into an IVA. If so, how does one go about doing this? Do you have to prove that you cannot pay into the IVA anymore ?

Emma

Thanks folks. Youve confirmed my suspicions ! Michael-I would be moving in with my partner, who owns his own house and has a completely clear credit history. I would loose ALL of my current benefits , so my personal income will be quite a lot lower, i am assuming. It worries me that my partner will ...

Hi, My name is Emma, I have just registered in order to get some advise. I have been in my IVA for 9 months now, I pay £150 per month and am keeping up with my payments ok, so far! Last week i received a letter from IVA Debtline based in Poole in Dorset, saying that i was potentially in the wrong ar...