dmp when I'm in an iva

5 posts Page 1 of 1
Post Reply
 
 

lorne

User avatar
Posts: 3
Joined: Tue Mar 20, 2007 8:20 pm
Location:
Post by lorne » Wed Mar 21, 2007 1:08 pm
Quote
CAN I CONSIDER LOOKING FOR A DEBT MANAGEMENT PLAN IF I AM ALL READY IN A iva PLAN AND WHAT DO I NEED TO DO THIS
Top
 
 

go_4_broke

User avatar
Posts: 427
Joined: Tue Feb 27, 2007 10:12 am
Location:
Post by go_4_broke » Wed Mar 21, 2007 1:54 pm
Quote
Hi lorne

Could I ask why you would want to do this ?

An IVA is a fairly long term commitment, and if you are in the early stages most have your payments will have gone in fees, so even if you can get out of it the best you may expect is to be back to square one.

-Best

Please view my blog at www.go4broke.blogs.iva.co.uk

'6 years sticking my head into the Lion's mouth of debt !'
Please view my blog at www.go4broke.blogs.iva.co.uk

'Vive la differentness'
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Wed Mar 21, 2007 6:01 pm
Quote
Well your IVA would have to be ended first - and this could only really be done if you defaulted on the payments and your IP failed the arrangement.

Doesn't seem a sensible option to me, but if you post more information about your reasons perhaps we can understand a little better.

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
Top
 
 

lorne

User avatar
Posts: 3
Joined: Tue Mar 20, 2007 8:20 pm
Location:
Post by lorne » Wed Mar 21, 2007 8:03 pm
Quote
the reason being i have not yet made any payment towards this plan reason i sign the forms and sent back to the company but my bank would not allow be to still up any standing orders for payment i have also notice that they are not paying all my creditors. which is puzzleing me and i have email them so that they can send me a list off all my creditors. and i am not happy
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Thu Mar 22, 2007 10:22 am
Quote
Lorne

It sounds to me as if you have not been correctly advised about the IVA. Have you had any contact at all with your IP? When was the IVA accepted? How do you expect your IP to be paying creditors if you have not yet made any contributions?

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
Top
Post Reply
5 posts Page 1 of 1
Return to “IVA postbag for march”