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Posted: Fri Sep 25, 2015 3:50 pm
by Warren.84
Is there any difference between failing my IVA through missing payments and contacting my supervisor and telling him i want to fail my IVA to go bankrupt? Other than common courtesy that is.

Posted: Fri Sep 25, 2015 3:53 pm
by lifenoteasy
From what I can tell there is not much of a difference as it takes around 3 months to fail the IVA either way.

If you go straight to bankruptcy that would obviously invalidate it.

I'm assuming you want a different supervisor if you go down this route.

Posted: Fri Sep 25, 2015 4:01 pm
by kallis3
Hi,

Don't forget that you will need to save up the fees if you are going bankrupt.