I took out an IVA in 2011 I had a letter in 2016 saying my IVA was coming to an end and they asked for the usual annual assessment I did this but they seemed to estimate things which were not correct. I corrected this and I had a letter saying everything was on course this was after the agreed 5 years was up, they had my PPI also now they are suggesting my mortgage was miss-sold and want to look into it, I ignored this because it wasn't now they are threatening bankruptcy over £727
Personally I would let them look into it as it will mean your IVA will finish on time.
I doubt they would make you bankrupt as it would cost them a lot more than £727 to do it.
Which company are you with? Payplan are well known for threatening bankruptcy.
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
It is probably an idle threat, but why not jusyt pet them get on with it? This will allow the IVA to complete successfully. Even if BR does not ensue, they can still fail the arrangement and you will be back to square one and in debt with your creditors.
As for knowing you were not mis-sold PPI -- I was adamant I wasn't, but thought "let them go ahead if they want to waste their time" ..... they found over £8,000 hidden in a rolled over debt from years ago !!
Don't shoot yourself in the foot now !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014