We are at the stage where we have received a copy of the draft proposal for an IVA. Will we incur any admin costs if we abort the process? we have not yet signed the proposals.
Is there any reason why you don't want to continue?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
We do not charge if any clients cancel but perhaps other firms do. You need to check any agreement you signed to see. I would however, like Kallis, be curious as to why you want to cancel now you have the proposal. Was it not explained to you properly or are the payments not affordable?
Or is there perhaps bound by protocols which included "secure loans" outside of re-mortgaging for any equity in a property ?
I too am curious, or perhaps you have read reviews on here about said firm and it has been a "phew, that was close" ?????
Last edited by longslog101 on Tue Sep 22, 2015 10:49 am, edited 1 time in total.
My Blog details, the route I took before IVA, how I choose my firm, equity release advice (year 4-5), challenging the CRA's keeping IVA on credit file once gone from insolvency register
IVA ended August 2015. Would recommend McCambridge Duffy
At this stage you should incur no charge, but I am aware of IP firms who may reserve the right to charge you if you were to get all the way to creditors meeting stage and then pull out, which I suppose is understandable. Doesn't sound like that is the case here though.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself