Your IVA will be closed they mean. When you fail to keep up payments on an IVA either your creditors will force you into bankruptcy or not. in your case they havnt and in 21days they will be back on your case chasing you for money. you will need to declare yourself bankrupt now to avoid any more hassle. you will probably get it as you're jobless. it costs £495.write back to them and ask them to clarify the status of your account and the response of each of your debtors to your current situation plus what is now expected of you by these companies.
Tell the
m you are confused by their terminology and could they be more user friendly and use plain english in terms a layperson will be able to understand.
Hope they write it all off for you and you can get a clean slate.You clearly dont meet the criteria for an IVA so the court will end it. But dont go for bankruptcy yet, it is only ever a last resort. Try to get your credit card and personal loan debts legally cancelled and cut down how much you legally owe. I used www.bdebtfree.info and was very happy with the results.

 

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