www.iva.co.uk

I pay £1137 per month and have done for 20 months. Have had awful run of luck and so reduced payments by £100 June & £200 July. I need to do the same again this month. Will this mean the IVA will fail? We can make up the short fall before our next review in December. My IP very difficult to deal with and making noises about failing IVA. Can this be done. Have been good payer up until this point. Do I just reduce the payment or contact the IP. Already know they will not give their blessing? This web site is great wish I had found it years ago.

It is usual for you to be allowed to miss three full IVA payments before the IVA is deemed to be in default, but you do really need to take guidance on this point from your own IP to be sure.