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Posted: Tue Jul 10, 2012 7:03 pm
by jayne.64
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
Posted: Tue Jul 10, 2012 7:18 pm
by GilliB
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
Posted: Tue Jul 10, 2012 7:19 pm
by Niobe
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?
Posted: Tue Jul 10, 2012 7:26 pm
by Hyperdrive
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.
Posted: Wed Jul 11, 2012 12:33 am
by Broke of London
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?