Latest Posts
Home > Ask The Get Out of Debt Experts > I Can’t Afford My UK IVA Payments and Go to Bed Hungry. – Paulette

I Can’t Afford My UK IVA Payments and Go to Bed Hungry. – Paulette

“Dear Steve,

I am currently on IVA debt management plan. At the moment am unemployed. Struggling to pay my plan. Am a single mother of four children. This is surpose to take five years to be written off or get out of the debt. I am not coping with it. some days we go to bed hungry.

Is there a way to get out of this debt sooner than later although I am on the IVA. Please help me out


Dear Paulette,

For those that might not be aware, an IVA is an Individual Voluntary Arrangement (IVA) and is used in the UK as well as some other countries. The IVA allows people with problem debt to come to an agreement to repay less than they can afford over five years as a full satisfaction of the debt.

The equivalent in the United States would be like binding debt settlement plans that would stop all creditor action while the payments are being made.

I certainly understand why you are unable to make the continued payments, and going hungry is never a good thing. Because you are living so close to the financial edge the continued IVA could be very dangerous.

hungerThere are two likely options to explore. The first would be to call the local council or Citizens Advice Bureau and see if you are eligible for any additional support or benefit programs to lessen your other financial demands and make room for the IVA payment.

The second would be for you to contact your IVA Insolvency Practitioner and explain your situation. They will most likely need to fail your IVA and that would set the creditors back upon you.

But you could discharge your debt with bankruptcy and be done with it quickly. Bankruptcy would make logical sense if you have no other assets at risk. Talking to your Insolvency Practitioner will help to clarify your risks of bankruptcy, if any.

The quicker we can get you back to being able to properly care and feed your children, the better everyone will be.

Please let me know how you get along with this.

Please post your responses and follow-up messages to me on this in the comments section below.

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.


I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.