What happens when creditors do not claim at the beginning of an IVA which ultimately failed.

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Ian.23

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Joined: Thu Jun 23, 2016 2:47 pm
Post by Ian.23 » Thu Jun 23, 2016 2:47 pm
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My IVA failed at end of term, two creditors did not claim in the beginning do I still owe them or did they write the debt off ?
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Lisa Thomas

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Post by Lisa Thomas » Thu Jun 23, 2016 2:54 pm
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If your IVA failed all bets are off and creditors are entitled to take recovery proceedings against you. They might have written the debt off as during the IVA process but on'y they can confirm that.

You need to take steps to deal with your debts now that your IVA has failed.

Can I ask why it failed at the end?
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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