Why would you chose IVA over Bankruptcy ?

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  • james32_uk
    james32_uk Posts: 1,223 Forumite
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    An IVA also helps you sleep a bit better at night though. I feel better knowing I'm paying back a lump of the money that was lent to me and I spent.

    Also, I believe on morgage applications you can be asked if you have ever been bankrupt.
    Debt as at 12th July 2006 - £61,345 :eek: :eek: :eek:
    Debt free 21st Oct 2011.

    All thanks to :money:
  • sandralovescats
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    Some of us had no choice in an IVA or bankruptcy.

    Looking back I would still choose bankruptcy since it totally wipes the slate clean.
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