Is it OK to cancel standing order to company that talked me into going bankrupt ?

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Marilyn.91

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Post by Marilyn.91 » Mon Dec 15, 2014 12:55 am
i am in an iva but was sent an iva checkline who talked me into an agreement with them to go bankrupt i set up a standing order to pay them a hundred pounds a month for six months have paid two hundred but was sent a letter from my iva that if i pay up to date with them i can still carry on with my iva so i have cancelled the standing order is that ok.
 
 

Foggy

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Post by Foggy » Mon Dec 15, 2014 7:53 am
HI. It all depends upon the agreement, if any, you have signed with the BR assist company.

I imagine that the £600 is their fee and you would have fount you had to pay costs on top of that ( around £750)as what you have agreed to pay them so far doesn't cover the court fees at all. They could well be entitled to get the full £600 from you whether you proceed or not.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Adam Davies

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Post by Adam Davies » Mon Dec 15, 2014 8:26 am
Hi

I think you will be fine, if they present you with a bill ask your IP to include it in your current IVA if they can.
As Foggy states the £600 would just be fees to the company, you would still have to find the bankruptcy court fees of approx. £750

Regards

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Andam Davies
 
 

Shining

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Post by Shining » Mon Dec 15, 2014 10:26 am
I personally would cancel, talk to them to see what they say and then talk to your IP and try and work a way forward. As Andy suggest if there is a balance to pay see if it can be included within your IVA.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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