DMP and bankruptcy

PaulThomas52

I am currently in a DMP after my IVA failed due to the repayments becoming unaffordable due to a loss of income .
The company transferred me to a dmp and I have £32500 debt.
Some of my debts are defaults on my credit file - Do I still have to contribue anything to these creditors or could that money go towards paying off the creditors under my DMP who havent defaulted me

Thanks

So_Sad_Angel

Hi Paul

You need to get advice on whether bankruptcy is the right route....there are many variables....for example you may get a new job & be able to recommence the DMP in the near future so BR may be too drastic at this stage.

Every situation is different & BR is always the absolute last resort but please get advice from CAB/CCCS or Nat Debtline for as much info as you can.

If your unemployment situation is temporary then how about just paying £1 until there is a firm decision on the way forward. As long as you pay something then most creditors are willing to give a little breathing space.

Btw - If BR is the route for you then it would be frowned upon by the OR if you have paid one creditor over another.