Help, I think I have messed up my IVA. I am 3 and a half years in and requested a payment break due to reduced income, I also requested a payment break from my mortgage. I am now really concerned that I will breach my IVA, if I do breach, will bankruptcy be the only option? Am I best to just terminate my IVA?
I do not see why a breach would have occurred --- if you had the mortgage break whilst on the IVA payment break, no one has 'missed out' as the missing breaks will be added on to the end of each term ( it isn't as though you are being handed extra money -- just deferring payments for a while ). In any event there is also the current Covid Crisis to bear in mind, causing all sorts of strange things to happen !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk