If an IVA fails..

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Chris.z

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Post by Chris.z » Sun Aug 26, 2007 6:49 pm
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Am I right in thinking that if an IVA fails, due to a variation being refused that one option available is a DMP.

If so do you have to wait for the IVA to be properly failed... And what does that process entail. Suffice to say if that is the road I have to take, I won't be using the IVA company to manage a DMP for me!!!!

Chris
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Adam Davies

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Post by Adam Davies » Sun Aug 26, 2007 7:44 pm
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Hi
If the proposal at the variation meeting is refused then your original IVA is still in force
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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Chris.z

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Post by Chris.z » Sun Aug 26, 2007 8:53 pm
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But I can't afford that Andy and that is why I am looking at going into a DMP if the variation fails. I was questioning what you had to do , to go from IVA into a DMP.

Regards

Chris
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Adam Davies

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Post by Adam Davies » Sun Aug 26, 2007 9:42 pm
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Hi
Sorry,once your IVA is failed by your P you could contact a different company to arrange your DMP,Melanie knows a good one[it,s Brightoak,contact andrew@brightoak.co.uk]
You could also look to do that full and final in the near future using a provider that has low fees.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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Chris.z

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Post by Chris.z » Mon Aug 27, 2007 9:19 am
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Thanks for that Andy , I have looked at Brightoak and Payplan.

Regards

Chris
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Oliver

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Post by Oliver » Tue Aug 28, 2007 11:07 am
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If your IVA is unaffordable then this will ultimately fail. You then can attempt to enter into an informal agreement with your creditors and there are a number of companies on the market who will assist you with this.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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Chris.z

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Post by Chris.z » Tue Aug 28, 2007 7:19 pm
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There are so many though!!! Would like to speak with 2 or 3 before making my mind up. Any more suggestions... I know Brightoak are good any other recommendation's.

Regards

Chris
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Garcia Jones

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Post by Garcia Jones » Wed Aug 29, 2007 3:56 pm
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Another good company is Finance Inc based in Manchester.

Website Address is finance-inc.co.uk

Good Luck
Gary Coker
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