I am now in an IVA but still feel I should have gone bankrupt but I can't afford to.
Can I still go bankrupt if I do somehow get the money together at a later date? If so do I just apply or do I have to fail the IVA?
Secondly, will I really be any better off going bankrupt? I have no assets, my car is worth about £300 & I rent my home, How much of my surplus would I need to pay into the bankruptcy? Would it be less than what I pay the IVA? I currently have no money left at the end of the month & feel that I am working just to pay my bills and the IVA.
Also I have received a "General Form of Judgment or Order" from the court regarding my water rates (This was included in my IVA) it says the following and I have no idea what it means.:
"Upon reading a letter from the claimant. (I haven't written the court a letter) It is ordered that 1. The order to attend court for questioning be adjourned generally with liberty to restore. 2. If the matter is not restored by 4pm on 15th December 2016 the matter will be struck out. Dated December 15th 2015"
Can anyone tell me what that is about?
Thank you in advance for any help.