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Posted: Sun Dec 14, 2008 8:25 pm
by raj59
Reasons to Fail IVA, Can anyone tell me what/how could fail IVA???
Posted: Sun Dec 14, 2008 8:27 pm
by james.c
if you stop paying it for more than 3 months then it will fail
Posted: Sun Dec 14, 2008 8:28 pm
by TheMatrix
I would imagine it would fail if you stopped making the agreed monthly payments into it. Not sure how else it could fail though.
Posted: Sun Dec 14, 2008 8:31 pm
by flumpy dog
do you mean why a proposal wouldnt be accepted or actually it failing whilst it was up and running ?
Posted: Sun Dec 14, 2008 8:32 pm
by Skippy
If you breach any of the terms of the IVA this could cause it to fail.
Posted: Sun Dec 14, 2008 8:35 pm
by Julie
taking out credit whilst in an IVA is a reason for failure, but not making the agreed payment is prob the biggest reason for failure.
Posted: Sun Dec 14, 2008 10:09 pm
by kallis3
Not paying across the agreed percentage of overtime or not paying across a windfall could be another reason.
Posted: Sun Dec 14, 2008 10:40 pm
by plasticdaft
Why you asking Raj??
Posted: Tue Dec 16, 2008 3:57 pm
by David Mond
Not complying with all the terms in a IVA (your proposal) could give rise to failing it.