What happens if it is discovered an IVA was accepted on fraudulent documents? ie; the debtor submitted false information and back up documents about their job.
This would be treated very seriously, I believe but one of the experts would hopefully tell you differntly that the IP would resign from case if possible. He may then go down bankruptcy route and then a Bankruptcy Restriction Order could be put in place.
Also as it is fraudulent then I would imagine the police would be contacted due to the situation.
If a debtor has supressed the amount of his monthly payments using false documents, this is a serious matter and if proven, the IP could choose to fail the IVA and push for bankruptcy. However, information about the amount someone is getting paid is normally quite difficult to falsify as an IP will ask for bank statements showing income deposits as well as wage slips. New wage slips and bank statements will also be requested at the annual review so a difference in wages would be picked up then if missed in the first instance.
