IVA help please

MacMoorbs

Hi would really appreciate some help/advice .
My partner is in year 4 of IVA but has been in breach after only paying for the first year. His original payment was £139pm which was in increased to near on £300+ with no c.o.s ,so not his best idea he stopped paying .
In the last two years the iva company have done several ppi claims more than once and his account has been in limbo despite several phone calls and emails , been told they cannot put a time frame on ppi claims . the current situation is the iva company are starting bankruptcy proceedings ( since may 2014) HOWEVER they want him to send them his mortgage and secured loan redemption paperwork before anything else happens ?
Also a ppi pay out has been incorrectly allocated and the creditors and iva are fighting that out too . my partner will admit to burying his head at times and he accepts and is willing to pay his debts but everyway forward has some block ? could anyone offer any advice as to a way forward for him please thank you in advance -

Nargleblast

It sounds like your partner has been a bit of an ostrich all along with his finances. He signed a contract agreeing to enter into an IVA, but just stopped paying the first time his payment was increased. This would have been because his budget at his annual review showed he had nearly £300 spare for IVA payments. Did he sit down and do his budget properly or did he just guess at his bills? His debt situation will not just go away if he ignores it, he needs to face up to it in all its gory detail.

I know it can be hard, I am in the final few months of my IVA and I have had some tough months, but I will see it through. When things got difficult, when unexpected things happened, I consulted my IVA company and we sorted it out. A formal arrangement like an IVA will only work if you are honest and up front with them, they are there to ensure you pay as much of your debts as possible, but they know you have to live as well, and it is not in anyone's interest to see you fail.

So, what does he do now? I would suggest he looks into the ins and outs of bankruptcy and talks to his IVA company about the situation. Maybe in retrospect an IVA was not the right solution for him, but he has to man up and sort his situation out for once and for all. Nobody else can do it for him, and the sooner he starts the sooner he will be debt free.