You can just let it fail by missing 3 payments - a creditor is unlikely to make you bankrupt (unless it is HMRC). Bear in mind that creditors can add interest on if you do that.
How long have you been in your IVA for?
Your IVA will remain on your record for 6 years regardless.
I am happy that your circumstances have improved and hope it remains so.
They do not have to accept payments in installments - they can go after the full debt plus interest.
You are at risk of Bankruptcy, CCJs and/or bailiffs etc.
Take care before doing anything rash - it might be best to let your IVA continue.
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