Which monthly payment are you referring to? Are you in an IVA?
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
Assuming that you are in an IVA, generally if you miss more than three payments thr IVA is deemed to be in default at which time your Supervisor may be obliged to petition for your bankruptcy, but these days it is more likely that your IVA will be concluded and your creditors will then be free to pursue you directly again.
Or one of the creditors might petition themselves for your bankruptcy. Have your financial circumstances changed?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
