Hi, if you are struggling to make your monthly payment or your circumstances have changed your ip will most likely be sympathetic and work with you to achieve the best outcome for your creditors...bankruptcy is rarely the best outcome for them so they should be supportive. Your proposal should outline what constitutes a breach so have a read of that. Mine says that they can allow for changes in the monthly payment and any missed payments can be made up - either out of extra income or at the end of the term. If you foresee trouble ahead such as a redundancy or car blowing up the ip can agree a payment break for you. Hope all gets sorted soon.
Are you having problems? If so, please speak to your IP in the first instance.
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