if one has already had an IVA in the past?

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andy.s

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Post by andy.s » Thu Sep 06, 2007 5:53 pm
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I entered into an IVA in the year 2000 and successfully completed it in November 2005. Unfortunately I am now in financial trouble again. Is there a rule that one cannot enter into an IVA if one has already had an IVA in the past? Andy
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iva_squirrel

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Post by iva_squirrel » Thu Sep 06, 2007 7:39 pm
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Good evening Andy,

I am sorry to hear that you are in financial trouble after successfully completing your iva. As far as I know, there is no rule about entering into an iva for the second time.

Kind regards,

Julia Simavi

Shortlisted with special commendation for Debt Counsellor of the Year by Credit Today Awards 2007

View my profile:
http://www.supersonicsquirrel.net/julia ... rofile.asp

Visit my website:
http://www.supersonicsquirrel.net

Credit Today Awards 2007 http://www.credittoday.co.uk/awards/winners.htm
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MelanieGiles

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Post by MelanieGiles » Thu Sep 06, 2007 8:53 pm
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There are no rules to say that you cannot propose a second IVA - I have done this a couple of times for clients over the last 10 years, but you will have to have very good reasons for building up debts again, and your creditors are likely to be quite harsh.

Are bankruptcy proceedings perhaps a better option?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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