www.iva.co.uk

I currently have an IVA this is my 2nd year of paying, but due to ill health I may have to give up working, is it possible for me to go bankrupt if this happens

as a newbie on forum i dont have answers....but i am sure someone will have some options for you

hope your ill health is temporary....keep pressing on

Hey foxkay, welcome to the forum. Your well being comes first and if you do have to stop working there is always the option of going Bankrupt. X

You can go bankrupt at any time during your IVA, but increasingly I am being made aware that the Courts are refusing to grant bankruptcy orders to people in IVAs without a letter from their IP confirming the IVA is in default. I guess we have the antics of the IVA Council and others to thank for this.

Hi Foxykay,

I too have the same problem due to complications last year, but I am currently trying to make an offer of a Full and Final settlement in order to sort this rather than bankruptcy. Is there anyone that could help you make an offer of full and final settlemt - that may be an option.

Flozza x

Flozza, how is your F&F going?

If you miss the statutory three payments would this mean that you wouldn't need a letter? Presumably you would then automatically have a letter of default?

Debbie

HI Mrs Skint,

Thank you for asking. Unfortunately my IP has said that one of my creditors wants more information, which I have provided. My IP has given them 24 hours, so tomorrow may be the day of knowing! I ma feeling very sick and worried about this and wonder why one creditor has asked.

x