one of my debtors has sold the debt

Get expert opinion. This is the place for new questions to be posted.
6 posts Page 1 of 1
 
 

chickpea

User avatar
Posts: 9
Joined: Tue Mar 09, 2010 6:18 pm
Location: United Kingdom

Post by chickpea » Mon Jul 19, 2010 6:49 pm
I have recieved notification from one of my debtors that they have sold the debt to another company. They have confirmed they have noted I am within an IVA and will liase directly with my management company but do i need to do anything directly?
 
 

kallis3

User avatar
Forum Expert
Posts: 77157
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Mon Jul 19, 2010 6:53 pm
Most debts are sold on. You don't need to do anything.
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
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Mon Jul 19, 2010 8:27 pm
As the others have already stated, this is very common and nothing for you to worry about.
Regards, Melanie Giles, Insolvency Practitioner
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom

Post by plasticdaft » Mon Jul 19, 2010 9:19 pm
Makes a change to actually be told a debt has been sold on to be honest!!

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

kallis3

User avatar
Forum Expert
Posts: 77157
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Mon Jul 19, 2010 9:30 pm
I had letters from most of my creditors telling me the debt had been sold.
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
 
 

chickpea

User avatar
Posts: 9
Joined: Tue Mar 09, 2010 6:18 pm
Location: United Kingdom

Post by chickpea » Wed Jul 21, 2010 5:56 pm
great thanks, really helpful. was worried as its been nearly 2 years already
6 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”