- Tue May 07, 2013 2:09 pm
Hi Crackedup, the good thing is, at least you know where you stand. You are able to declare yourself bankrupt now, if that's what you want to do, but as you said, there is the fee. You could use the money that you are saving from no longer paying your IVA, it doesn't matter how long it takes to save it, as they can do nothing worse than you declaring your own bankruptcy anyway. It is likely that your creditors will soon start contacting you again soon for repayment. It sometimes takes a while for your details to be passed back to the correct department. If bankruptcy is definately what you would like to do, i would suggest trying to get the fee together as soon as possible, as the sooner you declare yourself bankrupt, the sooner you will be able to draw a line under your debts.
IVA professional working for Personal Insolvency Experts Liberta Financial
in Newark-On-Trent, Notts.