can i still move forward with an iva

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clueb

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Post by clueb » Mon Feb 19, 2007 6:01 pm
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if i have made payment arrangements with some of my creditors but others are unwilling to come to an agreement can i still move forward with an iva
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princessb

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Post by princessb » Mon Feb 19, 2007 6:27 pm
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Hi clueb,

Yes you can go for an IVA if you have made payment arrangements already with some of your creditors. I was in the same position, I had set up payment arrangements with some of my creditors because I couldn't afford the amounts but all that happened was the payments I was making weren't even covering the interest I was being charged. I decided an IVA was the best way forward. There's nothing to stop you going for an IVA from that regard although it does depends on what level of debt you have and how many creditors are involved. Perhaps you could provide a bit more detail with regards to your situation and one of the forum experts can give you some more advice?

Don't want to let it lay me down this time, drown my will to fly....
Don't want to let it lay me down this time, drown my will to fly....
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MelanieGiles

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Post by MelanieGiles » Mon Feb 19, 2007 9:35 pm
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Hi clueb

Yes - but you do need to make sure that all of your creditors are included within the arrangement, so that they all get a fair distribution.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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