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Posted: Sat Apr 05, 2008 5:51 pm
by kathyp7
I have been in an IVA for a year and a half now however, I am find the payments extremely difficult and would like to know if I can still opt to go bankrupt now?
Posted: Sat Apr 05, 2008 6:10 pm
by Lisa2009
You can opt for bankruptcy at any time. If thats what you choose to do, discuss it with your IP as it may be that they could reduce the payments to a more affordable level.
Posted: Sat Apr 05, 2008 8:07 pm
by Soulgrowth
Hi Kathy ... welcome to the Forum.
Do you own your own home? This may be a deciding factor as to whether to think about going down the bankruptcy route or not.
Debbie