I have just received a notice of breach about our iva which is 4 years standing.
This is from a debt collection agency who have told IVA that we owe a certain amount more than was originally stated.
How can they ask for this money after all this time?
Please advice.
The breach can be rectified if this was a genuine error. At worst the IVA can be extended by a few moths so the dividend is not affected but this may not even need to be done.
The company is called Max recovery and they want about £2000.
I looked at original agreement and they were not named but a year later I saw their name and 3 references. But the IVA were 'awaiting evidence' and looking through another annual report they still are.
Max could well have purchased one or more of your debts which the IP has mistakenly attributed the whole claim (say 3 debts Max is claiming in one lump) to one of the debts bought ( if Max used only one of the reference numbers, for instance). Difficult to explain -- but I am sure a bit of digging by your IP should get the matter sorted, if you speak to him / her.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I agree that more work is required to understand this as it sounds as if Max were never the original creditor so would not have been listed. Check with the IP what the debt actually relates to and try and sort it out with them.
I'm surprised if they have gone straight to a breach notice without checking this with you first...
