can you do another iva if 1st one fails?

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tina

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Post by tina » Mon Jan 14, 2008 10:13 pm
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Hi can you do another iva if 1st one fails? Also on the failed iva papers it says I have not interest in property and the IP would not be looking to issue bancruptcy, what does this mean please, thank you
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Lisa2009

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Post by Lisa2009 » Mon Jan 14, 2008 10:22 pm
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You can always try to propose an IVA if one fails but your creditors may not look upon it too favourably.
Also i assume you are not a homeowner and thats why you have no interest in property. There would be less to gain from bankruptcy if you have no mortgaged home.

mrs skint
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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MelanieGiles

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Post by MelanieGiles » Mon Jan 14, 2008 10:23 pm
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Hi there

There is nothing to stop you proposing a second IVA, but your creditors will be very sceptical if the first one failed and may not agree to a second. The papers mean that the Supervisor will not be taking steps to make you bankrupt.

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
Regards, Melanie Giles, Insolvency Practitioner
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