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Posted: Sat Jan 19, 2008 11:46 am
by trog
Why do people go for DMP rather than IVAs
Posted: Sat Jan 19, 2008 12:43 pm
by MelanieGiles
Sometimes they do not owe enought to justify an IVA, or have sufficient income to fund a minimum dividend, or there may be a difficult creditor who has rejected an IVA proposal, or they simply want to carry on paying their debts until they are paid in full.
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
Posted: Sat Jan 19, 2008 2:45 pm
by ordinary_world
Melanie, do people also go into a DMP if their IVA has failed? Or is it always bankruptcy in those circumstances?
OW
- 'I wont cry for yesterday 'cause there's an ordinary world somehow I have to find...'
Posted: Sat Jan 19, 2008 2:49 pm
by MelanieGiles
No - they still have both choices.
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