Cancelling an IVA

My friend has disclosed to me he is paying back £600 a month with an IVA.

Short question, can he cancel the arrangement at all?


  • AFAIK, you can only fail an IVA by missing three payments. Then a petition for bankruptcy would likely happen.
    Why does he want to cancel?
    :jDebt Free after 5 years.:j Now Time to start saving for my move to Canada :D
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