Thank you melanie.

can you sell a car thats on HP, pay it off and downsize yourself with the leftover proceeds just before going bankrupt or would this be deemed as being in favour toa credito over another?

Hi Kallis, Im just not able to carry on with the payments at all, just dont earn enough now. I am very disappointed I havnt been able to sustain it. This is the last thing I wanted to happen and feel that not only have I let myself down but my IP who worked really hard and never judged me and my cre...

Thank you lesley and ladyh for your kind words. Im sure it will all work out in the end. Feel the same as I did before embarking on the IVA, but hey it cant get much worse than bankruptcy can it![^]

Thank you swans girl.
I will do that.

Hi Kallis
Im sorry I had to fail it too. Its due to me loosing more than half my income which made the IVA payments impossible. I have no choice now but to go bankrupt.

Thank you both for your speedy replies. The third was missed (unfortunately) only yesterday. Just trying to think ahead and plan for when I have to go bankrupt, as I understand I need the notice of failure from my IP before I can do this? Just wondered if I had to wait weeks or months or if they ten...

Hi

Could anyone tell me how long it takes to receive the failure/termination notice after missing 3 IVA payments??

Hi Lincolnlass, I have just read you have had to fail your IVA. I am also having to fail mine due to a dramatic loss in earnings. I am with Cleardebt also, i have missed one payment so far, havnt told them im having to fail my IVA. To be honest, dosnt fill me with much hope of any help from them aft...

UPDATE. My IVA company have agreed to me missing this months payment, I can make it up over the next 12 months so as not to be in arrears. No I dont have to worry about the bills and food for the month and hopefully hubby will be well enough to go back to work. Trying hard to keep it together. This ...

Thank you ladyh for your kind words. You are very right in saying its a worry! Just when you think you get yourself sorted and on the right track along comes something else!! I have asked the question to my IVA provider, so now its a waiting game to hear the reply. Fingers crossed. I will let you kn...

I will do that. Thank you.

Good Morning. Is it possible to request a payment break of 1 month whilst in an IVA? The reason being hubby has been off sick from work and therefore does not get paid, meaning no contribution to bills, rent, etc so I have to pay them all, leading to no money to pay my IVA. What would be the chances...

Im with clearbebt and havnt heard a word from them since I started my IVA 6 months ago. Certainly havnt been asked about bill increases or how or if im managing!!!

Thank you. That is a weight off my mind!![:)]