I am currently in a debt management plan and an living in Australia. I have been told i have upto 3 years post leaving Uk to enter into an Iva or full and final iva. I have a property here. I dont want to do an iva as i cannot afford to release equity and have higher repayments.i have been told i can do a full and final iva even though i am not in an iva. Is this correct? This is through payplan.
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.
Doing full and final settlements is not easy as every creditor must agree and it can take months. A full and final IVA is agreed on the day [or rejected] but it may be a better option.
I agree that you should shop around for advice and speak with IPs in the independent sector as well as firms funded by the banks. There should be no up front fees anywhere but at least you will be getting impartial advice.
