www.iva.co.uk

Have spoken to ip company I seemed to have been sent email by mistake should have gone to administrater but I must have been included don't like being refered to as he instead of Mr H im so called in errears due to missed payments when my shifts changed they have already had approx. £8,000. in payments and PPI thinking of talking to creditors direct or bankruptcy but house in joint names so not sure how it works any idears

While you are in the IVA the creditors will not talk to you in any meaningful way. If you allow the IVA to fail they will jump on the chance to add back interest and your debt will increase substantially.

Despite being in joint names the house will be at risk of being sold if there is equity to be had. Your other half might be able to negotiate with the OR to buy out your share. This would be looked at in around 2 and an half years time.

Hi

Try and speak with your IVA company and agree a way forward, they should agree to reduced payments if your income is down

Regards

I would definitely get your property valued and therefore an appreciation of the equity levels before you consider filing for bankruptcy. Do you have any idea whether there is any equity at present?