can i use a iva to pay off a bancruptcy

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trev.t

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Post by trev.t » Sat May 19, 2007 9:51 pm
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can i use a iva to pay off a bancruptcy and charging orders
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MelanieGiles

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Post by MelanieGiles » Sun May 20, 2007 12:16 am
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You can convert a bankruptcy to an IVA, so long as you have not been discharged from bankruptcy, but this will not address those debts which have become secured by charging orders.

If you are already bankrupt, and wish to propose an IVA, ask the Official Receiver if you qualify for a "Fast Track" IVA which is a simple process and will be much cheaper than appointing a private sector IP.

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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