IVA/DMP

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hoobily

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Post by hoobily » Tue Apr 15, 2008 7:44 am
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Hello I was just wondering if its poosible to do a DMP if I defaulted on an IVA instead of going down the BR route just a hypothetical question really any answers greatly appreciated thanks
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Lisa2009

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Post by Lisa2009 » Tue Apr 15, 2008 7:48 am
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If your IVA has been terminated for any reason, you will simply be back where you started and creditors can then start chasing you again but beware, if they wanted they could petition for your bankruptcy.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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MelanieGiles

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Post by MelanieGiles » Tue Apr 15, 2008 9:45 am
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There is no reason why you could not enter into a DMP with your creditors once an IVA has failed.
Regards, Melanie Giles, Insolvency Practitioner
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Oliver

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Post by Oliver » Tue Apr 15, 2008 9:49 am
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Yes this is absolutely possible.
Best Regards
Oliver
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hoobily

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Post by hoobily » Tue Apr 15, 2008 3:55 pm
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Oh thank you thats good to know and I was only asking because I have a 3 month probation in my job which ends in may so if I dont get kept on then I wouldnt be able to pay, but does the insurance pay out if this happens
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