i have seeked a DMP with gregory and pennington, all seem to me to be up in the air and would like to switch it to IVA so i can be assured i will be hopfully debt free in 60 months. Is it possible that i can switch from DMP with gregory pennington to an IVA? will you please advice me? many thanks
Yes, you can switch to an IVA from a DMP, and you can change firms to do it as well if you want.
I would discuss your situation with your company, and give one or two more a ring to see what they advise. Why could you not do an IVA initially?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Gregory Pennington do have their own IVA firm - called Freeman Jones, so if you are happy with the service currently provided it might be worth mentioning to them that you wish to propose an IVA instead. Alternatively you could contact another IP firm for advice on this.
Why did you initially feel that a DMP was a better option for you?
Why don't you visit www.iva.com for firms that are recommended for handling IVA's and speak to one or two and get comfortable with one that fits your bill.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
