Get expert opinion. This is the place for new questions to be posted.
-
Jayned6481
- Posts: 4
- Joined: Fri Aug 24, 2012 8:46 am
if you fail an iva through not being able to keep up the payments can you be refused bankrupty
-
Niobe
- Posts: 5169
- Joined: Tue Jul 03, 2012 9:56 am
- Location:
Hi and welcome to the forum.
It's highly unlikely that you would be refused. If you can't afford the payments then you are insolvent.
If you are having problems, have you spoken to your IP to see if they can help? How far into your IVA?
-
D A S
- Posts: 36
- Joined: Thu Jan 12, 2012 5:24 pm
- Location:
Hi there
Have you discussed having a Variation Meeting to get your payments reduced.
I did this after 24 months and almost halved my payments.
They can sometimes write any money you have fallen behind on providing the Variation Meeting excepts your new Proposal.
Dave
