iva failed

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indebtforever

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Post by indebtforever » Tue Jul 01, 2008 6:55 pm
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if your iva fails is it law that your ip will have to proceed with BR?
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kallis3

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Post by kallis3 » Tue Jul 01, 2008 7:02 pm
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Don't think so, you can go into DMP instead if you can afford the repayments. It will take longer to pay off and you may not have all the interest frozen.
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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bigpete

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Post by bigpete » Tue Jul 01, 2008 8:18 pm
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In an IVA no, in a Scottish Trust Deed usually yes (Sequestration)
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