www.iva.co.uk

Am I right in thinking that if an IVA fails, due to a variation being refused that one option available is a DMP.

If so do you have to wait for the IVA to be properly failed... And what does that process entail. Suffice to say if that is the road I have to take, I won't be using the IVA company to manage a DMP for me!!!!

Chris

Hi
If the proposal at the variation meeting is refused then your original IVA is still in force
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

But I can't afford that Andy and that is why I am looking at going into a DMP if the variation fails. I was questioning what you had to do , to go from IVA into a DMP.

Regards

Chris

Hi
Sorry,once your IVA is failed by your P you could contact a different company to arrange your DMP,Melanie knows a good one[it,s Brightoak,contact andrew@brightoak.co.uk]
You could also look to do that full and final in the near future using a provider that has low fees.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Thanks for that Andy , I have looked at Brightoak and Payplan.

Regards

Chris

If your IVA is unaffordable then this will ultimately fail. You then can attempt to enter into an informal agreement with your creditors and there are a number of companies on the market who will assist you with this.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

There are so many though!!! Would like to speak with 2 or 3 before making my mind up. Any more suggestions... I know Brightoak are good any other recommendation's.

Regards

Chris

Another good company is Finance Inc based in Manchester.

Website Address is finance-inc.co.uk

Good Luck