Hi my situation actually gets worse. I have two catalogue type accounts totalling to £2500. These were from before the iva which are forgotten about at the time. I think I'm going to miss my next iva payment and try and end the iva that way. There is no way of solving this whilst I'm in my iva. From...

Thanks for the replies.

My head is doing overtime.

Do you think i can have this additional debt added into the iva.?

From your experience will my ip just cancel the iva or will they really try and help. Worried about telling them.

Are the I&E guidlines more strict with a bankruptcy?

Hi, if I decided that I want to go bankrupt, and missed three iva payments. What happens next?

Will the iva company deal with it and file for bankruptcy or will thay cancel the iva and basically leave it to myself to arrange the bankruptcy.

Thanks

Thanks nepensioner.

I have come accross the 50% of surplus on other sites.

And also when my statement of affairs was drafted a bankruptcy option was illustraited with my payments being half the amount o my IVA payment.

I have been looking into bankruptcy and from what I gather I may have to pay for 3 years but it would be 50% of my surplus income. Half of my IVA payment. Also I know that you do not have to pay PAYE or NI but i am not sure what happens with this money. I have opened up a new bank account today and ...

Hi Thanks for all the replies. I am starting to think it might be best to consider bankruptcy. At the end of the day I have tried my best. IVA is the same status as bankruptcy anyway. Does anyone know the procedure from IVA to bankruptcy? I haven't managed to speak to my IP yet because of the weekend.

Thanx for the replies. I know it's bad, but the loans as other have said you start wit one, you then need another the pay that and so on. I was pressured by my ex to do a lot more with my kids. She hasn't been very understanding of my situation. I took the first loan to take the kids away for a cara...

Hi, If ones in an IVA (3 years in) and has currently encountered problems with payday loans totalling to £1900. (Stupid I know) but sometimes things happen that are just unexpected. Can you help or guide me on what I am to do. Am i able to have a month or two payment holiday for me to try and pay o...