Failure of my IVA
What happens next?
It may be a term of the IVA that the Supervisor presents a petition for your bankruptcy in the event of failure.
If your Supervisor is not required to, then people you owe money to may seek to make you bankrupt. At this stage it is possible to avoid bankruptcy through other methods of dealing with your debts. This could include:
- An informal arrangement with people you owe money to; or
- A debt management agreement.
A genuine solution to your debt problems is our goal. This website is a good start, but we can do far more for you - without obligation.
Call us free on 0800 083 1433 and talk to an experienced debt advisor immediately, with no wait time. Because Debt Free Direct is the leading provider of advice on debt problems, we can help you to understand all of your options:
- Take a thorough look at your situation
- Find out what's best for you - without charge
- Start a solution today if you want to
Calls from a landline are free or you can ask for a callback here.
We look forward to speaking to you soon.
Nicola Teader, Insolvency Practitioner
Debt Free Direct
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