www.iva.co.uk

Hi,

I failed an IVA a year ago as I was out of work. I am now in a position to do another IVA, will I be reconsidered for this or will it be a problem as I missed payments on my last IVA before it failed?

Thanks

Hi and welcome to the forum,

You can propose another IVA after having an IVA failed.

Seek some advice from an Insolvency Practitioner about the best way forward for you

Hi xxxx71 and welcome,you can get a second IVA yes, I take it your failed IVA left the creditors chasing you again for settlements? Have circusmtance changed so that the possiblity completing a new IVA to its full term?
Speak to a few companies via ask the expert section to get an idea on what can be done

Probably not that unusual a situation. If you were happy with your old company I would be tempted to ask them for advice as finding a good firm is hard to find.

Good luck.

Paul

Definately - we have done quite a few of these in the last year, and well done to you for wanting to have another go. So long as the reasons for the earlier failure are fully explained to your creditors, I am sure they will be supportive.

Plasticdaft - I am unclear what you mean when you say "finding a good firm is hard to find"? Can you clarify please, as I think there are a lot of good IP firms to choose from personally.

Not so much being "hard to find" but it is a case of sorting the grain from the chaff. This is where forums (fora??) such as this come to the fore ... and loads of research.