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You will not be protected from bankruptcy if you fail to keep to the terms of the IVA, eg, miss your regular payments. Call 0800 018 6081 FREE or apply onlineThe costs of the IVA will be added to your overall debt if it fails and you fall into bankruptcy. The details of your circumstances will be entered on a public register and could affect your credit rating and chances of borrowing money in the future. An IVA is dependent on your ability to make regular payments towards your debts, thus requiring a suitable income. For an IVA to go ahead, your creditors have to agree to the terms. It is dependent on creditors representing 75% or more of your debt voting in favour of the proposals. Call us now or click below to be Debt Free in 60 Months. 
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