Hi All, I know some people's situations are more suited to an iva rather than the bankruptcy option but after expearencing an iva for 2 yrs before it eventually failing I could not possably reccomend it to anyone, They just seem to grab grab grab and will not bend when household expendures increase,...

Hello Locko, I was in a similar situation to you, My wife and I struggled for 2 yrs paying an iva until we could go on no longer, We recently took the bankruptcy option and now find life so much easier, We were made bankrupt in June 09 and my only regret was not taking this option to start with, Wou...