Good evening PR, Bankruptcy affects certain occupations and professions, such as the Police Force, Armed Forces, Local Council and Government Offices may refuse to employ someone who is either an undischarged bankrupt or has been declared bankrupt at any point in the past. Many large corporate organ...

Hi julieann,

You will need to do a new I&E and speak to your IP as soon as possible. Is you expenditure increasing as well?

Regards,
Michelle P.

Hi yanka,

I agree why do you want to change now? I think you will be putting yourself in a vulnerable situation if you decide to cancel your IVA and take over yourself.

Regards,
Michelle P.

Hi jane.l

Good news. I'm really pleased for you. Think its almost over and you can start relaxing.

Regards,
Michelle P.

Hi jacko,

Normalyy you dont have to meet your IP unless you are self employed. All the process is done by the phone but you can reuqest and visit your IP.


Regards,
Michelle P.

Hi jos,

I believe the creditor is GE Money.

Regards,
Michelle P.

Good evening Andy, I am sorry to hear that you are in financial trouble after successfully completing your iva. As far as I know, there is no rule about entering into an iva for the second time. Kind regards, Julia Simavi Shortlisted with special commendation for Debt Counsellor of the Year by Credi...

Excellent news!!!
I’m so glad you gave this step forward!
I wish you all the best.


Regards,
Michelle P.

Hi becky,

I agree with the others, you should contact your IP and get his permission to do this.


Regards,
Michelle P.

I agree i think your creditors would extend the IVA for another year.
Have you spoken to Your IP already?


Regards,
Michelle P.

Congratulations Bart!

Well done i wish you all the best!

Regards,
Michelle P.

As an IVA is based on monthly contributions i think bankruptcy might be the solution for you.

Regards,
Michelle P.

All the best with your bankruptcy i hope everything goes well.

Regards,
Michelle P.

Hi chris and welcome,

Contact your IP and explain this situation but i think this should have been included in the begining when your IVA started.

Regards,
Michelle P.

Welcome to the forum moshe,

You can deposit that money in your new account with no risk. If you only have two creditors then an IVA might not be a solution for you.

Regards,
Michelle P.