IVA via my local Independent Financial Adviser

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rob.y

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Post by rob.y » Mon Aug 20, 2007 10:29 am
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Can I instigate an IVA via my local Independent Financial Adviser, whom I am about to contact for initial advice regarding consolidation of my debts.
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MelanieGiles

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Post by MelanieGiles » Mon Aug 20, 2007 11:16 am
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Hi rob v and welcome to the forum

Not unless he is a Licensed Insolvency Practitioner, which I feel is unlikely!

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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rob.y

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Post by rob.y » Mon Aug 20, 2007 11:39 am
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Thanks for that reply, Melanie.
Have spoken to my IFA who feels that I have adequate equity on my property to cover my debts, thus avoiding the need for an IVA and the subsequent effect on my credit rating, so I have agreed to explore this further.
I can see how this may be a better alternative as my IFA will also approach my creditors for a suitable settlement figure.
Regards,
Robert.
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MelanieGiles

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Post by MelanieGiles » Mon Aug 20, 2007 11:54 am
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Good luck - if you are not insolvent an IVA is irrelevant in the first place.

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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