renegotiate settlment figures with my debtors?

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stm

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Post by stm » Tue Jan 30, 2007 1:38 pm
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if the IVA currently manage my debt repayment can I pull out of that arrangement at any tme and renegotiate settlment figures with my debtors?
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MelanieGiles

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Post by MelanieGiles » Tue Jan 30, 2007 10:05 pm
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Hi stm and welcome to the forum

In theory yes - but you would need to default on the IVA to bring it to a position to be closed, and I cannot therefore see the benefit in you then renegotiating directly with your creditors. What are the reasons for this?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
View my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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