How can an IVA fail when I never signed any documentation agreeing to it ?

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Jason.c

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Post by Jason.c » Thu Apr 23, 2015 6:11 pm
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my iva failed 4 years ago with tenant and we was informed that it had been passed on to another company.
I did not sign any agreement with this new company as I was informed that the iva had failed and now I have got another letter saying it has failed again.
How can it fail when I never agreed or signed any documentation agreeing to the iva.
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relieved33

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Post by relieved33 » Thu Apr 23, 2015 6:15 pm
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IPs can transfer the management of your iva without consent. There are many ex pjg customers on here who can confirm that!
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Foggy

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Post by Foggy » Thu Apr 23, 2015 6:24 pm
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I assume you were passed from Tenon to Grant Thornton, along with many others. You do not need to sign up with the new comp-any, but the IVA would not have been resurrected to be failed again. I would imagine there is an error somewhere along the line, or it wasn't formally failed last time. Did you get a Notice of Failure from Tenon ?
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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