Can I cancel an IVA after signing it 3 days ago ?

Get expert opinion. This is the place for new questions to be posted.
7 posts Page 1 of 1
 
 

Ali.k

User avatar
Posts: 5
Joined: Sat Jul 16, 2016 1:54 pm

Post by Ali.k » Sat Jul 16, 2016 1:54 pm
hi i just signed all the signtuhrs needed for my iva 3 day s ago can i change my mind and cancil it
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sat Jul 16, 2016 1:56 pm
Hi and welcome,

Have you had a creditors meeting? If not, and you don't want to go ahead then just tell the company you don't want to go any further.
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
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Jul 16, 2016 2:42 pm
As long as the meeting hasn't taken place you can cancel. However, whether you are liable to pay for work done thus far will depend upon the agreement you have with the firm you are using. Most will not charge -- but some do!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom

Post by luluj » Sun Jul 17, 2016 2:39 pm
If you have just signed the initial paperwork to proceed then yes you are not yet committed. However if your creditors meeting has taken place and you have signed your chairmans report then unfortunately you are committed.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:

Post by Shining » Sun Jul 17, 2016 2:46 pm
Ring them tomorrow and tell them of your change of mind, as others says, there may be a fee dependent on which company.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:

Post by Michael Peoples » Sun Jul 17, 2016 9:47 pm
Why do you want to change your mind?
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

Lisa Thomas

User avatar
Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Mon Jul 18, 2016 9:50 am
Yes but why do you want to cancel it? If the IVA is not put into place what have you decided to do instead with your debts?
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
7 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”