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Failing IVA - process/approach
Comments
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Trying to maintain calm and resolve and wait...sourcrates said:I don`t expect they will go ahead with bankruptcy, but again, just wait and see what happens.
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Yep.
You may end up with some sort of DMP, but some of your creditors may just forget you. So wait for them to get in touch, or not.
Not easy living with uncertainty, so concentrate on living with your budget and saving?If you've have not made a mistake, you've made nothing1 -
Thank you - bankruptcy is certainly the next step due to HMRC being within the IVA - but I'm guessing it's not an immediate threat & I should try and get myself prepared/ready for it when it happens? As you say the stress of not knowing what is going to happen when is quite hard to cope with sometimes but I guess that's a hard luck element of being in this mess.RAS said:Yep.
You may end up with some sort of DMP, but some of your creditors may just forget you. So wait for them to get in touch, or not.
Not easy living with uncertainty, so concentrate on living with your budget and saving?
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