I am currently in an iva, have been for 2 years.Recently my husband lost his job,Iv missed 1 payment second comming up soon.I'm begining to think bankruptcy is my best option.In my last iva statement it says that as agreed they have kept enough money in the bank for them to petition for my bankrupttcy if iva fails. What does this mean to me is it just that I won't have to pay fees or will they also do some of the paperwork for me.
What this means is that the supervisor of your IVA will petition for your bankruptcy and you won't have to do anything. The only difference between them doing it and you petitioning yourself will be that they decide when the hearing is, and you will probably have a face to face interview with the examiner rather than a telephone interview. But overall nothing much is different
Declaring bankruptcy
Posted - 12 March 2009 : 08:44:45
