Hi, this will depend on the reason for it failing. There are circumstances where a second IVA can be proposed but creditors will want to know what went wrong first time and that it wouldn't fail again. BR is more likely but again depend on size of debt and what assets you have to lose?. You really need to discuss this with your I.P to decide best way forward.
Hi Mark - difficult to say as, as the others state, we need to be a bit nosy and ask for more information. For starters why the IVA failed and how long had it been going?
