Many thanks Kallis3 for your advice. That's what I suspected really. I wouldn't want to lie to my creditors - no way. I was giving a hypothetical situation and imagining the consequences of not declaring a change. I just wasn't aware of the scope of coverage of the IVA terms. Thanks again (edited to...

Going bankrupt to the tune of £12 million would only be brilliant if it was Tony Blair or John Prescott. I'll get my coat...

Hi, I've got a specific question regarding IVA's. I think I may go for one soon - as the stigma of bankruptcy and the effects on my young family would be difficult to bear. An IVA seems like a good compromise. My debts are in the high 30k and I think I would qualify. I've been taking some soundings ...