Hi
It is quite rare for creditors to force bankruptcy and the reality is that if your IVA fails you are back to square one.
Any unsecured creditor can seek to secure an unpaid debt on your property,a credit card company for example,and effectively turn an unsecured debt into a secured debt.
Regards
You would be back to having the phone calls and the letters from your creditors as well.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
