Can I then go down the bankruptcy route?

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ian.j

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Post by ian.j » Sat Sep 22, 2007 3:31 pm
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What happens if I cannot pay back the arranged payment on the iva? Can I then go down the bankruptcy route?
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MelanieGiles

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Post by MelanieGiles » Sat Sep 22, 2007 3:40 pm
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Hi ianj and welcome to the forum

If there is no way forward for you with the IVA, and you feel that you cannot carry on with the payments even if you were allowed to lower them, then you can declare yourself bankrupt at any time.

What has happened to put you in this position if I may enquire?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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iva experts

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Post by iva experts » Mon Sep 24, 2007 11:40 am
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Hi Ian,

If you are continually struggling with making your IVA payments, then you could decide to either go bankrupt or enter into a DMP.

I would advise firstly that you speak with your I.P and see if you can reduce your payments. Always keep your I.P in the loop so then you are not hit with any suprises.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
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