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My son lost his job and has been unable to make any payments on his IVA, what will happen to him?

IVA Job Lost PAYMENTS son
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My son lost his job and has been unable to make any payments on his IVA, what will happen to him?

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There are a number of options available to him, he may be able to approach his creditors to amend his proposals but now his circumstances have changed bankruptcy may be the better option. The most important advice you can give your son is to seek help in order to explore his options and retake control of his finances..

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