Creditfix IVA I no longer can afford, kind advice please

nettied

Willing2Learn said:

Are you a student nurse or doctor?
Have you checked whether you'd be eligible for a payment from your university hardship funds?
Do you get DSA (Disabled Student Allowance)?

Not checked on the hardship fund, feel other people may be having a harder time than me.

Willing2Learn

The hardship funds are there for eligible students.  I recommend you apply for it.  Let Student Services make their subjective decision based on your objective application. Nothing more, nothing less.  You may find that you 'deserve' the extra funding... 

nettied

Thank you Willing2learn, you have been most helpful.
Do you think I would qualify for a DRO based on that income or would I be better off biting the bullet with Bankruptcy? 
I think it's going to be a while before credit fix pull their fingers out! 

Willing2Learn

fatbelly is the IVA / DRO guru.  Follow his or her advice and you won't go far wrong.    I am just trying to ensure that you are in receipt of all available sources of income.

fatbelly

Cheers W2L

OP - you can;t do anything at the moment - it's one form of insolvency at a time. I have seen it take over a year to terminate an  IVA. So just concentrate on getting your situation stable, maximising income for the family as a whole and paying for essentials like food

In the meantime you are protected against any action from your creditors. 

nettied

Thank you fat belly, I think I may hear from them when they don't get their monthly payments. I will keep this post update.