I'm on IVA for 2 years now and i wont be able to pay the required amount this coming july as i will need to move out of the country to stay in another country for good. I will have no job to make repayments. is it possible for me to apply for bankruptcy?
Do make sure that you inform your IP of your intentions, if you have not already done so. They will need to keep your creditors informed, and under the terms of the arrangement may even be able to pay for the bankrutpcy application out of the funds they have already collected from you.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com