You can let it fail but you run the risk of being back to square one and all interest being added back on. You may end up owing more than you started with.
Why do you want to get out of it?
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
Hi. Might I ask what the problem is and how long have you been in the IVA ? It is usually unwise to allow an IVA to fail as you will end up with more debt than you started with as well as having wasted a lot of time and trashing your credit record needlessly.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
As the others state the only way to get out is if you complete it or fail it. Failure could result in Bankruptcy and/or recovery proceedings by creditors as you will be back to square one again.
