As previously mentioned, i am in an IVA, but the company im in with wants more and im being chased more than before i had my IVA, so am i better ff going bankrupt
Do they want more based on an income and expenditure review?
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
If your income has increased ( permanently or with overtime / bonus payments or the like) the IVA will want it's agreed share. If you feel your IP is being intrusive, the OR in bankruptcy will be more so.
BR has both pros and cons over IVA and it will depend upon your whole set of circumstances.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Hi - It's too open a question to know the right answer without knowing your circumstances. If you are being asked to pay more in it may be as a refelction of an increase to your income, which you would have agreed to when you first signed up for the IVA. If you think your IP is not behaving professionally then consider making a written complaint to them and then potentially taking it further. FYI - In Bankruptcy you may have to pay into into the estate for up to 3 years.
