Hello long story short I’ve been emailing my Iva company back and thro last couple weeks.
Pretty much the lady is calling a creditors meeting to tell the creditors to vote to accept the money already paid to complete my Iva ( this will be 1 year early )
If all this goes ahead and the Iva is marked as completed would I be eligible to enter into a DRO ?, does completed work the same as terminated in that sense of you no what I mean?
As I wanted to end my Iva and go into a DRO but they wouldn’t help me until the Iva was terminated but I found out my creditors could accept the money paid to date, so I thought I’d rather finish it rather than fail it if u no what I mean.
The so basic question is : can I still enter a drop upon completion of the Iva?
The debts included in your IVA will be cleared but the other ones won't. Not sure if you would be able to do a DRO but you could go bankrupt. You would have to pay for it (can't remember the fee now) and you may have to have a payment for three years but you would then be cleared of all debts.
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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