Kallis I had this clause in my iva, but when I phoned I was told what it actualy meant was that a creditors meeting had to be called and that would take at least 3 months.Then it was up to the creditors to decide wether they wanted to make me bankrupt or have the money themselves,think I could take a good guess and say they would want the money themselves,so I just used iva money and paid for it myself.
Hi all May be I was lucky that I did not have to pay for the BR My IVA failed and they took me to court, the only one that wanted my IVA to fail was HMRC