Kind of need help/advice as getting bit stressed now.
Long story, so strap in.
Had IVA for approx 4years, was going well, unfortunately circumstances changed. My partner became very ill, and ended up in hospital for an extended period of time. I ended up leaving my job, leaving my house (rented) and moving in with her. I did get another job, but took substantial cut in wages and had to take few months out of IVA, they were great and quite supportive. I eventually set up an agreement to drastically cut monthly payments as am supporting the household including a child, and extend IVA for 12 months. I have buried my head in the sand and take full responsibility for kind of ignoring letters/phone calls, and am now thinking my IVA will fail anyway. Can anyone advise on what options I have if this happens? We live in housing association accommodation and I am worried this will be affected, even though I am just a tenant and my partner isn't named on IVA, and I also do not actually own anything to offer if bailiffs do end up knocking. Any help would be gratefully received. Thanks in advance.
If you allow the arrangement to fail you will be back to square one with creditors.
Out of interest, how much were the original debts ?
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