subject: What will happen if your IVA fails [print this page] What will happen if your IVA fails What will happen if your IVA fails
In order to pay back the debt, you can always use a debt management plan. However, they cost money to use. If you are renting, you might want to consider declaring bankruptcy. This is because there is no property put at risk in doing so, yet it would clear all your unsecured debts.
