Posted: Mon Apr 07, 2008 6:28 pm
If you are in an IVA how easy is it to get out of it or cancell it?
The experts will be able to answer
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Posted: Mon Apr 07, 2008 6:31 pm
Hi I am new also but by reading everything I think your only way out is a full and final settlement that has to be accepted by your creditors.
The experts will be able to answer)
The experts will be able to answer
)Posted: Mon Apr 07, 2008 6:40 pm
Hi there and welcome.
If you are already in an iva you can just stop paying and the iva will fail and you will be back to where you started. Are you in an iva and having problems. The best person maybe to speak to would be your ip if you are struggling.
Ang
If you are already in an iva you can just stop paying and the iva will fail and you will be back to where you started. Are you in an iva and having problems. The best person maybe to speak to would be your ip if you are struggling.
Ang
Posted: Mon Apr 07, 2008 7:02 pm
Always good to speak to your IP and discuss the situation.
Is there a material change in circumstance ( job, pregnancy, drop in income, etc ) or is it that the income and expenditure was just a little too tight to begin with?
Also you should start looking at alternatives incase the IVA does fail. Depending upon your situiation and potential assets ( house, car etc) you might be looking at Debt Management or Br.
Neither are scary provided that you have all the information available.
Is there a material change in circumstance ( job, pregnancy, drop in income, etc ) or is it that the income and expenditure was just a little too tight to begin with?
Also you should start looking at alternatives incase the IVA does fail. Depending upon your situiation and potential assets ( house, car etc) you might be looking at Debt Management or Br.
Neither are scary provided that you have all the information available.
Posted: Mon Apr 07, 2008 8:47 pm
To be able to answer that question correctly, we do need to understand that reason for it being posed.