Me thinks they're more likely to cast me back to the vultures. After all, the only contribution they've had from me is £380 which was deducted from my account PRIOR to the creditors meeting!!! I should of taken note then! This doesn't even come close to paying for 2 bankrupts - unless Gordon Brown d...

The credit card won't even come into it.

They'll probably want P60, last three pay slips and an upto date income/expenditure.

They'll then use all that to ensure you've paid enough last year and determine the payments for the coming year.

So would they force bankrupcy on me or would it be "case dismissed" and all the creditors are let loose on me again??

Who in their right mind would start making contributions into an IVA when the full extent of debt is not known???? Let's say I'd started making the £410 contributions back in January - I'd now be over £4500 lighter and facing the prospect of STILL not achieving the right pence in the pound!! It's be...

The property is in line with the market and area - it's recently been reduced by £25k!!!! Not sure whether they're marketing for a quick sale or not - it's in the hands of Northern Rock. The IVA company has been pressurising me to commence payments all year ever since we surrended the property. I've...

Contributions were to commence no more than one month following the sale of the property.

Unsecured creditors must receive a minimum dividend of 36p in the pound or the arrangement will be deemed to have failed.

Thanks luluj - at the moment it seems highly unlikely. Thanks for the reply MelanieGiles - but in true Insolvency Practitioner fashion the question still remains unanswered!! I seem to be going round in circles all the time and getting someone to talk to me and explain things in plain English is a f...

Hi, Myself and my partner both had IVA''s approved in Sept/Oct 2007. We voluntarily surrended our property to Northern Rock and moved into rented accom. Payments to the IVA were to commence upon the sale of the house once the shortfall to First Plus was known. The house still remains unsold and has ...