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I would like to go bankrupt on an iva. I am already 1 month in arears and understand that we need to be 3 months in arears. the debt company say that a meeting would then be set up with the creditors who between them would decide wether to make me bankrupt. If they decide not to make me bankrupt i can myself. Is this all can you help ?

Hi garyw and welcome to the forum

You can declare yourself bankrupt at any time - it costs £485 at your local Court, and that is your choice. Being in an IVA does not stop you doing this.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk