Hi, I have now spoken to my supervisor and they have stated that they have the money to petition my bankruptcy, and that I should think about it then let them know. they did advise that as I have no assets that BR probably best option. What happens to my bank account when going BR? Will it be frozen...

Thanks for your advice. I have already had my IVA reduced once and that meant increasing my term. I am worried that to have it reduced again will mean further additions to my years with the IVA, which I don't particularly want. According to the terms of my IVA there is a section stipulating that my ...

I am in an IVA and have been since Nov 2005. In Nov 2006 I had my payment reduced and my term increased to 6 years. I am now struggling to manage and would like to know how I go for bankruptcy and what happens. I have been to CAB and they were somewhat helpful, just not sure if bankruptcy is best th...