In the event that an IVA fails because an individual may not keep up while using the repayments (or agree new terms together with the trustee and creditors), then bankruptcy becomes an authentic possibility. Because a significant portion of IVA repayments go towards payment with the Nominee's and Supervisor's costs, people who have bad an IVA often find that were there not paid as high of the debt off like they had expected. My websites: iva