Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
Terry.23
Posted - 07 August 2011 : 17:16:03 Struggling to pay IVA payments. Is bankrupcy an option?
2 L A T E S T R E P L I E S (Newest First)
Niobe
Posted - 07 August 2011 : 20:01:13 You need to speak to your IP and see if there is a way forward with your IVA. It would be a shame if it were to fail.
Hopefully you can come to some arrangement with them rather than having to go bankrupt.
Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe
Jan xxx
Blackie
Posted - 07 August 2011 : 17:41:04 HYi Terry.23
Yes bankruptcy is an option. However as both IVA's and bankruptcies are legal processes, you cannot do both. You would therefore need to speak with your Supervisor as he/she will need to produce a Certificate of Non Compliance allowing you to declare yourself bankrupt.
Hope this helps.
John Blackadder Bankruptcy365
For help and advice on the easiest and most effective way to a debt free future, please go to www.bankruptcy365.co.uk.
