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Posted: Sun Jun 07, 2009 5:26 pm
by hallway
Just a quick question (probably a stupid one, but here goes), I was in an iva for 2 years,had to let it fail cos husband lost his job so now bankrupt,had a letter from iva co saying I owe them £1,500(50% 0f extra earnings) I don't have to pay it do I.
Posted: Sun Jun 07, 2009 5:33 pm
by kallis3
If your IVA has failed, and you are now bankrupt then personally I don't think you are liable for these charges.
Hopefully one of the professionals will be along to advise further.
Posted: Sun Jun 07, 2009 6:20 pm
by kabby3
Also if these charges were before Bankruptcy can they not be included (if they are owed)
Posted: Sun Jun 07, 2009 6:24 pm
by Adam Davies
Hi
No you do not have to pay this.
Are they aware that you are now bankrupt ?
Regards
Posted: Sun Jun 07, 2009 6:54 pm
by hallway
I told them I was going to go BR and they sent me a letter of no objection so presume they do, I haven't actualy told them I am.
Posted: Sun Jun 07, 2009 7:26 pm
by MelanieGiles
The IVA will have terminated upon the making of the bankruptcy order - so you will not have to pay over this money to the Supervisor. If you do have this money in a bank account it would be captured under the bankruptcy in any case.
Posted: Mon Jun 08, 2009 6:52 am
by hallway
Unfortunatly Melanie, money all got used up in 3 months before BR,with losing a wage each week.