If I was to enter in to an IVA and subsequently changed job to a job with a significantly lower salary, would voluntary bankruptcy still be an option?
Posted: Fri Aug 26, 2016 6:44 pm
by Foggy
You can terminate the IVA and file for BR afterward -- but you will likely have to make payments into the court for 3 years at a similar rate as the IVA payments (sometimes more). Also the 6 year clock to a cle3an record will be reset.