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Posted: Mon Jul 30, 2012 2:21 pm
by Mike.br
I have been declared bankrupt can I still enter into an IVA?
Posted: Mon Jul 30, 2012 2:29 pm
by ginger3232
Mike
welcome to the forum- have you been discharged from the bankruptcy? - how long ago?
Why would you need to enter an IVA - all your debts would have been dealt with during the bankruptcy. If you have a disposible income over £20 per month - you would /will likely to enter a 3 year payment order.
Any assets you have ie house PPI etc at the moment belong to the OR anyway
Posted: Mon Jul 30, 2012 2:40 pm
by Michael Peoples
You can enter an IVA if you are not already discharged and the OR can explain the options to you. If you have just been made bankrupt and want to overturn this quickly you should get the urgent advice of an insolvency firm.
Posted: Mon Jul 30, 2012 2:44 pm
by Shining
If your situation fits those as in Michael's post do contact some first with haste.
www.iva.com lists some firms on the comprison site. Worth a chat with 2 or 3.
Posted: Mon Jul 30, 2012 3:05 pm
by Mike.br
I have just been to see the OR today. Declared bankrupt on 12th July 2012.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Michael Peoples
You can enter an IVA if you are not already discharged and the OR can explain the options to you. If you have just been made bankrupt and want to overturn this quickly you should get the urgent advice of an insolvency firm.
Posted: Mon Jul 30, 2012 3:57 pm
by Michael Peoples
The O.R can propose an IVA on your behalf or you can use an insolvency practitioner. Why would you want to do an IVA now and what did the OR suggest?
Posted: Mon Jul 30, 2012 11:30 pm
by MelanieGiles
Difficult questions to answer without knowing the full facts of your case - best to speak with an insolvency practitioner or two to see what options there are available to you. Your individual circumstances will usually dictate the level of return to offer.