is it possible to start a new IVA?

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guyinnothants

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Post by guyinnothants » Thu Jun 14, 2007 10:57 pm
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IF I WAS FAIL AN IVA AND MY IP PETITIONS FOR MY BANKRUPTCY IS IT POSSIBLE TO START A NEW IVA? IF SO - HOW WOULD YOU GO ABOUT THIS?
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MelanieGiles

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Post by MelanieGiles » Thu Jun 14, 2007 11:19 pm
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Hi there and welcome to the forum

If your current supervisor petitions for your bankruptcy, and an order is made, there is nothing stopping you proposing a post-bankruptcy IVA, butyou will need to persuade creditors to accept this. If your current IVA is failing, what things will you change to make a new one work - and is a variation to the original not a better idea?

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
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Oliver

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Post by Oliver » Fri Jun 15, 2007 9:35 am
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If you are struggling to pay your IVA currently the first port of call would be to discuss this with your IP. There may be a solution to any problems and it would be an easier process to resolve the issue this way rather than failing your IVA and starting again.

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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