A Change of Circumstance

Five years is undoubtedly quite a long time and although when a debtor agreed to the terms of their Individual Voluntary Agreement (IVA) they did so with the very best of intentions to keep up the payments for the full duration of time, it is a fact of life that people's circumstances can change. For example they can be made redundant or have an accident which makes it impossible for them to carry on working in either the short or long term, they may also become separated from their partner or have a new child. For whatever ...