If you have a realistic budget and payment plans then you should not fail your IVA (Individual Voluntary Arrangement).

If for some reason you know you might fall short of a payment or can’t make a payment, you will need to contact your Insolvency Practitioner straight away.

What could make me fail an IVA?

Not making payments could lead to your IVA failing and could have serious consequences like bankruptcy.

Get the best possible advice before you start an IVA, so you can avoid falling into a situation you may regret. We can recommend repututable companies and organisations you can trust for advice and help with debt solutions like IVAs and bankruptcy. Click here to find out how to arrange an IVA and also get some confidential advice to help you get out of debt.