I HAVE AN IVA AND I CANNOT MEET MY OBLIGATIONS.
WHAT CAN I DO?
On occasion, changed circumstances
(e.g. divorce, unemployment, illness) will
affect your ability to make payments. During
such rocky times, notify your supervisor immediately.
If your problem is temporary, the Supervisor
may give some leeway in meeting your payment
commitment. If it looks severe or long-lasting,
the creditors may: modify the plan to deal
with your changed circumstances; or discharge
the rest of your debts on the basis of hardship;
or convert to a bankruptcy case. |
