What happens if a creditor approaches you and you have an IVA in place ?

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Lisadm86

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Post by Lisadm86 » Sun May 15, 2016 6:53 am
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what happens if a creditor approaches you and you have an IVA in place, do you simply refer them to the person dealing with the IVA to deal with it?
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kallis3

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Post by kallis3 » Sun May 15, 2016 8:42 am
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Hi and welcome,

Let your IP know so they can speak to this creditor. You have nothing to worry about as you are totally covered.
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
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Foggy

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Post by Foggy » Sun May 15, 2016 9:31 am
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All contact must be via the IP --- part of the IVA is that you do not contact each other directly ( in either direction).
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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Shining

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Post by Shining » Mon May 16, 2016 7:43 am
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Hi and welcome, they are not supposed to and I would report this to my IVA provider. Any written correspondence, I would copy and then forward to my IP.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Lisa Thomas

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Post by Lisa Thomas » Mon May 16, 2016 10:20 am
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Yes - refer them to your IP.

Were they originally included in your IVA? Are they a material creditor?

If you didn't disclose them as a creditor in your proposals and they are a material creditor your IVA may be at risk of being breached. I hope this doesn't apply to you.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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