15mths ago I stopped making payments to my IVA. 3 mths ago my IVA manager advised me that they would be writing to my creditors who would be given 21 days to respond. My IVA manager has now written to me to say that my creditors have not asked to petition for my bankruptcy and my case will be closed. I'm not sure what my next step should be. Only one of my creditors has now written to me demanding settlement of the original debt, but that was 6 weeks ago and I've had no correspondence since. Do I now wait for the letters and phone calls from my remaining creditors to start or should I begin bankruptcy proceedings myself?
You are back to square one with your creditors, usually in the variation meeting not many creditors vote, I would write to each of your creditors provide an income and expenditure and advise them that you are planning on Bankruptcy, that way they will either inform you of their intentions or let you get on with it.
15mths ago I stopped making payments to my IVA.
Posted - 01 June 2009 : 14:08:27
