I am in debt by £30000 and my IVA has just failed. I am waiting for the paperwork to come through. What are my options. A DMP will take to long, I cant go bankrupt due to my job. Maybe another IVA. The reason the first IVA failed was because it was too rigid and my circumstances changed big time and it was too much. Any advice!!
You could go to another company and try again. Visit www.iva.com for a list of companies and reviews. Give one or two a ring and you will receive free and impartial advice.
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
Hi sorry to hear your IVA failed, it may be worth talking to another professional about proposing another and the link that Kallis provides is a good starting point. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
As the others have said, approach a few IP's and see if another IVA is an option. I guess the positive is, you will now be more aware of what you can realistically afford to pay back.
I seem to be doing quite a lot of second time round IVAs at the moment - and so long as the reasons for the failure of the first one are valid, and you can demonstrate commitment to another arrangementm, why not make another application. You have nothing really to lose.