Why does an IVA fail?
There are many different reasons why an IVA could fail, payments may not be made or a change in circumstance occurs which means there is no money available to pay into the arrangement. If you do experience any problems during your IVA you must inform your Supervisor as they will be able to advise you on the best solution for that particular circumstance. It may be that the arrangement can continue under different terms, and a variation meeting is required.
