Get expert opinion. This is the place for new questions to be posted.
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jayne.64
- Posts: 50
- Joined: Thu Apr 29, 2010 7:35 pm
i didnt want my iva to fail so said i could afford it now am struggling i pay 200 a month .if i went for bankruptcy would i have to find the same amount
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GilliB
- Posts: 656
- Joined: Fri Mar 02, 2012 4:29 pm
- Location: United Kingdom
Hi Jayne.64. so sorry to hear you are struggling. You've obviously tried your best to prevent your IVA from failing, but maybe now's the time to speak openly to your Case Officer/IP? She/he may be able to properly assess your position and advise you accordingly. If it helps, I believe they can reduce payments by up to 15% without a variation meeting. I really hope you find a resolution very soon. Please let us know how you get on. x
IVA journey started: 30th March 2009. Settled: 17th July 2012. Completion Certificate received: 13th March 2013. Breathe. x
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Niobe
- Posts: 5169
- Joined: Tue Jul 03, 2012 9:56 am
- Location:
Jayne - I'm sorry to hear that you are struggling - have a word with your IP in the first instance to see if anything can be done.
With BR, anything over £20 per month DI after everything has been paid then you will have to pay it all across.
How long have you been in the IVA and who is your company?
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Hyperdrive
- Posts: 766
- Joined: Sat May 07, 2011 1:43 pm
- Location: United Kingdom
I`m sure there`ll be a solution. Failing is in no-one`s interest. You need advice from the IP - let them know you`re struggling would be a start - your situation is probably more common than you think.
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Broke of London
- Posts: 7761
- Joined: Sun Sep 05, 2010 6:04 pm
- Location: United Kingdom
Hi Jane,
Have you just started or was the £200pm decided after a recent review?
How much do you think you could afford to pay?
