if you are a in a court case, as a claimant (plaintiff) in a court case, and you eventually lose the case,
and have to end up paying the defendants costs (say the defendants put a cost of £20,000 for the claimant to pay, if the defendants win their case), and they get the courts to ask the claimant to pay this £20,000,
(if the claimant cannot afford to pay this £20,000, they have no savings and no property, no assets)
Then if you are already in a debt management plan (Payplan for eg)
then can this debt of £20,000 be included/added to the debt management plan? (by phoning payplan)?
This is about adding a NEW court debt from the lost court case, to a current (already debt management plan)
The likelihood is that adding the debt to the DMP would not be feasible plus whoever you owe money to is likely to press for bankruptcy.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
DMP's do not have to be agreed to by the creditors, pay plan could put it to the creditor, they could accept or either pursue bankruptcy or even a court enforcement order or worse still a high court enforcement order which comes with little to no warning (I have learnt from watching don't pay we'll take it away)... it is an educational programme ![:D]
Last edited by longslog101 on Sun Sep 27, 2015 7:19 pm, 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
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
A DMP is not legally binding like an IVA. You can try to add it to the existing DMP but creditors may not accept it and you or the creditors may look at alternative options, such as bankruptcy.
