Default Notice

Banquo21

My IVA failed a few weeks ago. Now the creditor letters have started. I have been sent a intention to file a default letter. I am in the process of saving up the money to go bankrupt but it will be a few more weeks 8 I reckon before I have the money to pay for it.

I know I can't ignore these letters nor do I want a CCJ hanging over me. I know these are quashed in the bankruptcy but it's a bit more stress I don't need.

Should I contact the creditor and fill in the income and expenditure form they have provided and offer a token payment?

It seems unlikely they will make me bankrupt saving me the money and stress trying to save up for it. I have a file with stepchange and intend to ring them later also.

fermi

Very unlikely that they would firstly go for a CCJ very quickly, and even less likely they would be able to get one within the 8 weeks.

All creditors that could file a default on your credit files should have done so at the start of the IVA. The fact that it failed doesn't alter that, so you should probably complain that they did not do this before now.