Can a second IVA be taken out after failure of first ? I am now in a better financial position

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James.s

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Post by James.s » Tue Apr 21, 2015 9:32 am
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Can u take out a second iva after the first one failed as i am now in a better financial position.currrently o a debt management plan....thanku
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Michael Peoples

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Post by Michael Peoples » Tue Apr 21, 2015 9:47 am
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There is nothing to stop you doing a second IVA although creditors may want to know the reasons for the first failure. Your current DMP will help as it shows you can repay creditors so no reason for a new one to be rejected. Get some free advice and hopefully it works out for you this time.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Foggy

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Post by Foggy » Tue Apr 21, 2015 10:27 am
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There is no reason why not, all things being equal. Have a chat with a couple of companies and I am sure a way forward can be worked out.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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