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Posted: Thu Dec 04, 2008 6:06 pm
by rich201201
Have explored poss doin lump sum IVA but the company iva direct want the £30000 in advance. Is this usual?
Posted: Thu Dec 04, 2008 6:18 pm
by Lisa2009
I would be very wary of anyone that wants that ammount of money in advance.
Take a look at
www.iva.com there you will find a list of IVA Providers and reviews on each.
Please take advice from 2 or 3 companies to be sure ALL options are discussed fully with you.
Posted: Thu Dec 04, 2008 6:38 pm
by MelanieGiles
There is no need to be wary about paying money over to an Insolvency Practitioner - but do your homework and make sure that it is going to be held on a properly designated client account to be returned in the event that the IVA is not accepted.
I would often ask for third party monies to be lodged prior to the creditors meeting, as this conveys that there will be an immediate return to creditors.
Is the money available to be paid over now, or are you just wary of doing this?