Or because the creditors think they may get more money back if you do a DMP.
Some of the time this means that the creditor ends up with nothing as the proposer choses bankruptcy instead!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
HMRC reject IVAs where ther is a history of non compliance or substantial returns are outstanding. Unfortunately the IP would not have access to this type of information and if the debtor does not divulge it the IP will go ahead and prepare the IVA.
