Creditors F & F

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butterflies

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Post by butterflies » Mon Jan 19, 2009 7:36 pm
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My question is that when you do a full and final and say all creditors accept can they then proceed to take you to court for the outstanding balance. I seem to recall Melanie said she had a client that this happened to. Just want to clarify.


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kallis3

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Post by kallis3 » Mon Jan 19, 2009 8:54 pm
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I thought that as soon as your IVA was completed. by whatever means, that all debts were written off and you could not be taken to court for them.

Otherwise, surely there is no point in finishing one early?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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MelanieGiles

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Post by MelanieGiles » Mon Jan 19, 2009 9:04 pm
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I am not clear where you get that from Butterflies, once creditors have agreed the deal they cannot renage on that - and this would not have been something I would have said.
Regards, Melanie Giles, Insolvency Practitioner
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