www.iva.co.uk

I am near the end of my IVA 5 years and I have had missed two months approved by my creditors. I cannot afford to pay this now and I believe the IVA will fail what is my alternative at this stage.

Hi and welcome.

Can you make an extra two months payments at the end to take up the shortfall?

Hi and welcome to the forum. If you are having difficulties paying then you need to speak to your IP as soon as you can so that they are fully aware of your problems and that way you can come to and agreement for moving forward.

If you cannot restart the payments creditors may accept what has been paid to date as full and final settlement. You have nearly reached the end and no one wants the IVA to fail now.

I am sure the creditors will not allow your IVA to fail now you are so close to the finish line ! Speak with your IP and ask if you can extend your IVA by two further months to allow the money to be paid back ..... another two months of payments is nothing compared to the five years of payments you have already made !

Hi Cherryl,what is the reason why you are unable to pay now, redundancy?

Like the above comments, they would be stupid to fail you now and may accept it as final. All depends on the reason why you cant pay.

awww cherryl hope you get a resolve.

heed the advice given and speak with your ip and no they wont want it to fail so dont worry youve done brilliantly-well done for getting this far xx

Hope you can get it sorted.