Hi all Being in an IVA is sufficient for them to repossess, it is stated in the terms. Yet my particular provider knew this 5 months ago yet only now exercised this right. What I did not expect was my statutory rights to be affected. It states when a breach has occured a court order would be sought ...

Hello A response from a legal expert. Unfortunately if you have defaulted on payments and are in an IVA then it is very likely that under the terms of your HP agreement the finance company are entitled to repossess your car without the need for a court order. If you are able to make up the missed pa...

Hi Tina S

Thanks for your reply.

I have just spoken to someone at Citroen PSA.

He states that my being in an IVA supercedes, therefore waives any of my statutory rights to a court order.

I am not convinced so I'll make an appointment to see the CAB.


Have you heard of this before?

Hi

Yes I understand from the terms they can terminate,what my point is, do they then not need a court order as stated in the terms if I have paid more than a third, which I have. They seem to be saying they do not need one because of the IVA.

Thanks very much for the quick reply.

They seem sure that once you enter into an IVA then you lose all rights, but there is no mention of this in the small print.

Cheers, I'll post an update.

Hello Everyone, Badly need some advice here as I'm being told one thing and another by various people. Ok I signed a Conditional Sale Agreement with Citroen PSA for a car in 2010. All was well until I entered into an IVA in July 2011. I carried on making payments, my supervisor was aware I had this ...

Thanks for the replies.

wow so it looks like I have lost what I have paid, over £4k and they get to keep the car also, because I'm in an IVA. I accept the repossession of what is theirs, but they should now then pay back what I have paid, should they not?

MrsR

Thanks for replying. I understand and accept the repossession part but I what about the fact I have paid over a third of the value? and no court order. They now have all my payments plus the car.

Regards

Bazz

I entered into an IVA last August, I declared at the start that I had a HP car that I needed for work, all seemed fine. Unfortunately my partner lost her job meaning finances struggled as cost of living also went up. My payments became late and I actually missed 2 this year. Peugeot Finance terminat...