if an iva is not right for you ?

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emma6

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Post by emma6 » Tue Jun 17, 2008 12:15 pm
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once started an iva can you get out of it if you feel its not right for you.
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rayb

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Post by rayb » Tue Jun 17, 2008 12:18 pm
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Hi,

Why do you feel that it is not right for you?? What is your situation?
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Viki.W

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Post by Viki.W » Tue Jun 17, 2008 12:18 pm
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Hey emma, welcome to the forum. I think you really need to have a professional advise you of ALL your options before you enter into an IVA, as once you start paying in to it, and decide you want out, you will be back to square one, probably owing the original amount of debt. I suggest you speak to an Insolvency Pracitioner to help you make your decision. Viki X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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kallis3

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Post by kallis3 » Tue Jun 17, 2008 12:44 pm
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Once you have agreed an IVA, the only way out of it is if it fails. This is usually when you have not kept up payments or when you have done something else which it is specified in your IVA that you must not do (take out further credit for example).

You should not enter into an IVA unless you have given careful thought to it and have taken advice from one or more Insolvency Practitioners. It is a long five years.
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
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