Switch from IVA to Bankruptcy

Confidential advice for people across the United Kingdom

Piggy bank with question marks to represent questioning whether to switch from an IVA to Bankruptcy.

When you are already in an IVA, you are legally allowed to cancel the Arrangement and go bankrupt at any time.

There are different reasons why you might want to do this:

  • Your IVA might no longer be suitable for you. Perhaps your circumstances have changed and you can no longer afford your payments.
  • You have realised that starting an IVA was simply the wrong decision in the first place.

Our service will assist you with both cancelling your current Arrangement and going through the bankruptcy process.

You will be advised by James Falla who has over 20 years experience of helping people with both IVAs and bankruptcy. We don’t operate a call centre. You get direct access to James. You can call him any time you have a question or need to discuss any aspect of your case.

Summary of our Switch from IVA to Bankruptcy Service

Our bankruptcy assistance service covers far more than just helping you complete your on-line application. It includes all of the following:

Help with cancelling your IVA

We will make sure you understand how to cancel your IVA payments and when to do so. We will also advise you on what to say to your IVA company and how to deal with your creditors if they contact you.

Advice about your bank account

Depending on the type bank account you currently have, you might be able to continue using it or you might have to open a new one before going bankrupt. We will advise you and assist with opening a new account if necessary.

Assistance with completing your application form

Completing your bankruptcy application can be daunting. We will go through the on-line form with you to ensure you provide the correct information.

One of the most important parts is your income and expenses budget. The Official Receiver will use the information you provide to determine if you will have to make an ongoing payment towards your debt. We will ensure all your figures are correct and that you are not asked to make a payment if you can’t afford to.

Answering questions from the Official Receiver

After you go bankrupt, you will receive various documents from the Official Receiver. We will explain what all these mean and help you complete them if required. We also prepare you for any questions you might be asked in your interview with the Official Receiver such as why you decided to cancel your IVA.

Ongoing support while you are bankrupt

You will usually remain bankrupt for 1 year. During this time, we are on hand to answer any question you might have. For example what happens if you get a pay rise or new job? Would you be allowed to buy a new car or move house?

Why choose Bankruptcy Guide for support with switching from IVA to Bankruptcy?

Choosing our bankruptcy assistance service will mean you receive direct support with your bankruptcy from James Falla. James has been advising people about bankruptcy for the past 20 years. During this time he has built up a unique expertise of the process and what you can expect.

James has worked with hundreds of people with a wide range of backgrounds and problems. There is really very little that he has not seen and provided advice on.

The clients that James has already work with praise him for his quick response to any queries or concerns, his patience and reassuring style. But don’t just take our word for it. Have a look at what some of the clients James has already worked with have to say:

Read our Testimonials

Cost of our Switch From IVA to Bankruptcy Service

We charge an upfront fee for our switch from IVA to Bankruptcy Service. This is in addition to the standard Bankruptcy application fee which you will also have to pay. Our fee is as follows:

Single person Bankruptcy Application: £750
Couple Bankruptcy Application: £900

An increase to the standard fee may be charged if you require a more in depth assistance. This may be the case if you are self employed, a home owner or are currently residing outside of the UK.

Request a confidential call back to discuss bankruptcy

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or call us on: 0800 180 8012

How it works

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Advice

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Free advice about your circumstances

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Explain what bankruptcy will mean for you

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Help you decide whether this is the right solution.

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Preparation

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Help you cancel your IVA

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Complete your bankruptcy application form

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Preparation of your income and expenses budget

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Assistance

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Assisting you with your dealing with the Official Receiver

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Preparation for your telephone interview

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Help to respond for any requests for information

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Support

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Supporting you throughout the year you are bankrupt

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Any questions during your bankruptcy answered

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Assistance with any further queries from the Official Receiver

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Completely FREE advice

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Confidential conversations

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Expert help always at hand

We've helped 1,000s of people get back on track with their finances.

Speech quotes

“James, you were simply fantastic. You guided me through the process perfectly. Your manner with me was impeccable and I could not have wanted more. From the very first meeting I made you aware of my condition which can affect my understanding and you took it upon yourself to make sure I understood the options that were available to me, but more importantly, which options were appropriate for me.

The feeling of relief that this chapter of worry is behind me is down, in the most part, to yourself – had you not been so approachable, I likely would not have felt comfortable discussing my situation with you. The services you offer, and more importantly you, have put at ease the most extended and worrisome years of my life. Thank you”

Dan N

July 9, 2024

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“Hi James

Thanks again for your help. I know I may be hard work, but I really appreciate all your help.  I’m not sure I could have survived without you (in the literal sense). The service you offer to those going through difficult times really is life changing.

Thanks again.

Dan”

Dan P

July 5, 2024

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“This was a very smooth process. The company was very compassionate with my needs and very supportive”

Vickie G

June 20, 2024

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“Had some really good debt advice from James Falla. He is really helpful. He personally went through my situation and gave me the best advice. really appreciated.”

A Lawson

June 15, 2024

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“I used James’s service in 2020 when I declared bankruptcy. His help was great, especially during times when I didn’t know what I was supposed to do.

Now, I had to deal with the last part of the whole experience, removing the charge from my property. James was again, extremely helpful, guiding me in the right direction and suggesting the right things to say. The charge was removed and my final offer was much lower than what they wanted me to pay initially.

Thank you very much James! A true professional that I can’t recommend enough.”

MV Faur

June 10, 2024

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“James, I cannot thank you enough for the hand holding and support you gave during the beginning, middle and end of the bankruptcy process. Without your assistance and support I would have literally gone mad stir crazy!!! As you are aware I will recommend your service to anyone in my position in the future.”

Doug A

June 6, 2024

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“Very clear and concise information. Excellent communication. Happy with all aspects.”

Nathan B

June 4, 2024

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“James Falla has been extremely helpful, with my application I did, for bankruptcy. He certainly did put my mind at rest, when I had questions, which I needed answering. This has certainly made the application a lot smoother, for me.”

Shelley T

May 23, 2024

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“James Falla supported and guided me through one of the toughest times of my life. He gave me clear advice and his service meant that I could rest assured, knowing that my insolvency application was being handled with the utmost expertise and professionalism. I am now the other side of my bankruptcy with savings and well managed credit that is gradually repairing my credit rating. Contacting Wilmott Turner was absolutely the best decision I made at that time. Thank you James.”

Anton C

April 30, 2024

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“I highly recommend Wilmott Turner Financial Services. James Falla has been amazing with total support, help and advice. From day one, he explained the process of my bankruptcy from start to finish and nothing was too much for him to help with. I am now discharged from my bankruptcy after 12 months and I’m overjoyed and stress free. I highly recommend anyone with financial distress to contact James.”

J Jones

April 18, 2024

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“After first speaking to James Falla he has put my mind at ease and helped me thoroughly with the process of going bankrupt. The service he has provided me has been exceptional and I am very happy I have had his support and knowledge to help me with the whole process.”

Ben T

April 9, 2024

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“Great advice and support during my bankruptcy. I will share your services with others. Thank you!”

AB Patrice

April 2, 2024

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“James Falla was fantastic. From start to finish he explained everything very clearly. Can’t thank him enough for what he did.”

Hannah R

March 27, 2024

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“James has been absolutely brilliant, he really knows his stuff and has helped me in finding the best debt solution for my own personal circumstances. I was in a very dark place before I found James, and he helped me see that there was hope and light at the end of the tunnel. He didn’t judge and doesn’t just read off a script! I don’t know where I would be now without him. A very heartfelt thank you and I would definitely recommend him.”

Natalie B

March 19, 2024

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“James, I wanted to take a moment to express my deepest gratitude for your invaluable support and guidance throughout the process of resolving my complex financial situation.

I cannot emphasize enough how much your professionalism and friendliness meant to me during this challenging time. Your willingness to listen attentively to my concerns and provide prompt, thorough responses to my inquiries alleviated much of the stress I was experiencing.

Your openness and transparency throughout the process were greatly appreciated and helped me feel reassured every step of the way.  I wholeheartedly recommend your services to anyone facing similar challenges. Your support has made a significant difference in my life.”

JB Mafa

March 13, 2024

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“From my initial enquiry, looking for advice in a very difficult situation was made so easy by the expertise and knowledge of James Falla. James was always at the end of the phone to reassure me, answer my questions and offering advice, even at the weekends!

His support and guidance throughout the whole bankruptcy process has been invaluable and reduced any stress and anxieties and helped me sleep at night and not worry.

The fees are very fair for the level of support & advice provided, and a small price to pay to know you’ve done everything right. Thank you James! Sarah.”

Sarah M

March 11, 2024

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“Hi James, Thank you for your advice. I’m at the end of my IPA agreement.  I can’t thank you enough. Thank you.”

Paul B

March 4, 2024

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“James Falla really helped me get through a very difficult time. He guided me through the process and was with me at every step. Personable and professional, I strongly recommend he and his services.”

Nav G

March 1, 2024

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“I have received exceptional service from James Falla. His knowledge and guidance through a very stressful time has been exemplary. He has continued to provide advice and support throughout my insolvency period.

Without a doubt he has provided excellent value for money and I would very much recommend his services. I would not advise going through any of the available debt processes without his help.”

J Sharp

February 21, 2024

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“I’m thankful for James Falla’s wonderful support through the bankruptcy process. I recommend his services to anyone in financial difficulties. Thanks.”

Joel Boah

February 20, 2024

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“Hi James, I’m really so relieved about the result of your help with my bankruptcy. Now that I’ve had a short while for it to sink in, I know it really is going to change my life! Your absolute confidence and support throughout the whole procedure, carried out over just a few weeks was really great. I couldn’t have managed very well on my own and would definitely have got bogged down with it all. Your fee has been worth absolutely every penny.

Although it was obviously my mismanagement which caused all the problems, I’d arrived in a position which I couldn’t cope with and you’ve helped me totally deal with it.

Many thanks again! A fresh start as they say, which can happen at any age : )”

Godfrey

February 15, 2024

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“Thank you to James Falla for your invaluable help in taking the stress away from a very difficult situation. Your help with my bankruptcy has been amazing and I appreciate everything you’ve done for me.”

Ian E

February 14, 2024

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“James Falla has helped me tremendously through what has been one of the most daunting experiences of my life. He answered all my questions and offered reassurance when necessary.

For anyone who is facing or considering bankruptcy, I urge you to make the call to James. You will not regret doing so.”

Paul A

February 1, 2024

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“Very pleased with the service and advice, would highly recommend. Makes and stressful experience manageable. Having James Falla to talk it all through with really helps.”

Elly O

January 22, 2024

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“Hi James. Thanks again for all your help with my bankruptcy, you’ve been worth every penny and some!! I’d have been in a right pickle without your assistance. You’ve been so much help through this depressing time. 2 more weeks and I will be free of this bankruptcy and can start moving forward with my life. Thanks again mate 👍🏻”

Ben R

January 15, 2024

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“Hi James, thanks very much for your message about my discharge from Bankruptcy, that really good news.

I would like to sincerely thank you once again for your help, you made a very stressful situation much more bearable for both myself and Sue, and of course should the requirement arise I won’t hesitate to recommend you.”

Paul T

January 5, 2024

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“James Falla is a great guy who explained everything to me in a simple and easy to understand way. I was able to get in touch with him quickly when I had any concerns. Everything with my bankruptcy happened just as he had predicted. Absolutely great services from him and of course the company. Outstanding.”

Steven H

January 3, 2024

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“James has been absolutely fantastic and helpful throughout the whole pross. He has been an absolute hero.”

Johnathan N

November 29, 2023

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“James Falla was brilliant. He talked me through everything and made the whole bankruptcy process stress free and easy to understand. I’d highly recommend his service to anyone in need going forward in the future.”

Brian B

November 9, 2023

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“Hello James. Thank you for the confirmation of discharge from bankruptcy, it feels good to have that weight off my mind. I’d like to thank you personally for making it a lot less scary than I imagined! Your service and down to earth manner was refreshing and dispelled any anxieties I had about the whole process. I have, and will continue to recommend you as a Financial Advisor if I hear of anyone in the same position as I was. I wish you all the best in the future, and if I need further assistance, you’ll be the first port of call. “

Gerry C

October 30, 2023

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“Hi James, Hope you are well. Thank you so much for your help last year, I honestly couldn’t of done it without you. You solved all of our problems and made things a whole lot easier. I dread to think what our situation would be now if we hadn’t of gone through the bankruptcy process! Thanks again!”

Pamplin

October 25, 2023

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“Fantastic service from start to finish. Most professional and helpful company I’ve ever dealt with. James Falla made the bankruptcy process feel easy and comfortable. Thank you for all your assistance.”

David E

October 19, 2023

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“James Falla was really pleasant and friendly to talk to and there when needed. Any questions answered. I would definitely recommend his services.”

S Smallwood

October 9, 2023

Looking to speak to an expert about Switch from IVA to Bankruptcy?

Our other services

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Assistance with going Bankrupt

  • Application form completed correctly
  • Preparation for Official Receiver interview
  • Ongoing 12 month support
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Self Employed Bankruptcy

  • Business income and expenses forecast
  • Bank account advice
  • On-going support with 3 line accounts
Financial Money Advice. Saving In 401K. Piggybank Deposit

Support if Already Bankrupt

  • Completion of PIQB questionnaire
  • Preparation for OR interview
  • Assistance with OR info requests