Thankyou so much for all replys.

Hi thanks again for all replys, we have been in the IVA for 3 years in August however we have taken a 6 month payments holiday during this time so this will add another 6 months to the term of our IVA. We have sat tonight and worked out how much we can afford based on worst case scenarios and if we ...

Thanks a lot, i also hope it does not come to bankruptcy but i just want to be aware of all involved should the worst happen. I suppose we could be lucky and the new payment be agreed.

Hi All thanks for the previous advise re applying for a variation. It seems that I have just done our income and expenditure and only have realistically £170 pounds a month to pay towards creditors!. I really cant see this being accepted, as we were previously paying £521 pounds. I am also concerned...

Thanks very much for replys made me feel a little bit more hopeful.

Hello , We have been in an iva for 3 years in august and have been really struggling with payments especially for the last 3 months. The total amount of our debt was 56000 and we were paying £521 pounds a month, however for the last three months we have been unable to pay this amount, so have paid w...