Should I let IVA fail

Freefalling Forumite Posts: 14
Third Anniversary 10 Posts
edited 14 October 2021 at 9:56AM in IVA & DRO
Currently 16 months into an IVA, since starting it our finances have considerable improved, I am also due a share payout which I understand will go to IVA.  Short story, I owe approx 70k once of which is HMRC, my query is now that I have this payout coming, can I/should I let the IVA fail, use the share payout to clear HMRC (main reason we set up IVA) and then deal with the other creditors myself, maybe like an unofficial DMP or something?? I feel like they might get more money that way as opposed to a good chunk going to IVA team, but is this even allowed?? 


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