Hi,we have just completed our first year of our iva,after still struggling to cope we contacted debt free direct again to see if our payments could be reduced,apparently they can't.If we default on our iva who would petition our bankruptcy,would it be DFD or our creditors and would we have to pay an...

My husband and i started an iva in january,after bills rising and i lost my part time job,we are still finding it hard to manage.After contacting debt free direct who are dealing with it they have said we cant lower our payments.Cant see another way out unless we go bankrupt,(which we dont mind doin...