Posted: Sat Jun 16, 2007 4:38 pm
what happens if the iva isnt accepted
Hi there
If an iva is not accepted then you are back to square one and the other alternatives would be to go on debt management plan or bankrupcy. Thre is something also called a siva which should be launched next year which will make acceptance in some cases a little better so you could go on a dmp until then and then propose again, dependent on how much you owe a siva will be for no more than 75000 and will only require 50% agreement.
Hope this helps.
Ang