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Posted: Tue Jul 01, 2008 6:55 pm
by indebtforever
if your iva fails is it law that your ip will have to proceed with BR?
Posted: Tue Jul 01, 2008 7:02 pm
by kallis3
Don't think so, you can go into DMP instead if you can afford the repayments. It will take longer to pay off and you may not have all the interest frozen.
Posted: Tue Jul 01, 2008 8:18 pm
by bigpete
In an IVA no, in a Scottish Trust Deed usually yes (Sequestration)