I've missed 3 payments on my IVA I want to go bankrupt.

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creakyspice

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Post by creakyspice » Wed Oct 10, 2012 3:39 pm
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I've missed 3 payments on my IVA I want to go bankrupt can I just do it or do I have to contact iva people first?
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Shining

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Post by Shining » Wed Oct 10, 2012 3:41 pm
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do you need notification that your IVA has failed before filing for bankruptcy? Not sure but do ask your IP for a notice of non-compliance (or whatever it's called).
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Niobe

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Post by Niobe » Wed Oct 10, 2012 3:52 pm
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I think you need a letter of termination first but check with your ip and also with your local court as to whether this is necessary or not. Some courts are different to others.
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MelanieGiles

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Post by MelanieGiles » Wed Oct 10, 2012 5:36 pm
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Your IP will need to follow the default provisions set by the terms of the IVA proposal. This may involve calling a meeting of your creditors to determine that the IVA should be terminated
Regards, Melanie Giles, Insolvency Practitioner
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oscar

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Post by oscar » Wed Oct 10, 2012 5:38 pm
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hi creakyspice
Please consider very carefully how many IVA payments you have already made and seek advice from your IP before doing anything. It is such a shame to go into BR after you have gone to the trouble of getting an IVA. Good luck with whatever you choose to do.Best wishes.
Oscar
http://rollercoaster.blogs.iva.co.uk/

need to smile today? go on check out my blogs - I'll add to them regularly
Our IVA's over YIPPEE unbelievable!Seems like yesterday it was approved despite everything
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creakyspice

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Post by creakyspice » Thu Oct 11, 2012 10:35 am
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Thanks all. Havent had the IVA long. Its obvious now it was the wrong solution in my circumstances but thanks for all the info
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