Hi All, I have cancelled my IVA by letting it fail as I now qualify for a DRO. The variation meeting to end my agreement is on 25th January 21. My questions are: How long after the variation will it take for my IVA to drop off the insolvency register When can creditors start contacting me once the v...

Hi All,

I have noticed that my Barclaycard with £1500 on (which went into my IVA last year) has now come off my credit report(s) and has been marked as closed.

Does this mean that BC simply wrote off the debt and closed the account?

Does this happen often?

Many thanks,

Luton Student

Hi, I'm 12 months into my IVA, I owe approx. £29K at the start and payments are at £190PM. With the cost of living rising, I'm struggling, and now that I qualify for a DRO, I might just do this. If I fail my IVA, I believe I can take out a DRO and not have to make any further payments to the debt an...

Hi Foggy,

Thanks for your quick response.

I guess the other alternative, is fail it and my partner pays my BR fee's?

Is it wise to mention the alternative would be BR if it's not accepted?

Many thanks,

Hi, I took out an IVA in August 2020, £32k debt, reduced to £12,000.00 over 60 months = £200.00 per month. I really want out, and my partner has offered to gift the money to get this settled. I want to offer a full and final settlement after 18 months, which will leave £8,400.00 remaining on the IVA...