www.iva.co.uk

Hi there

I entered an IVA agreement around 4 months ago and have been making regular payments. However, I've just come back to my home address after a few months and seen letters saying I haven't signed my chairmans report and had 7 days to do so on the 5th of October. I've then had a letter from a creditor saying the agreement was terminated and I now owe them the outstanding balance. Does this mean my IVA company has cancelled my agreement? Surely I would get a failed report before my banks start contacting me? Sorry for posting something which might not be answered, the office doesn't open until Monday and I'm stressing out! Thanks in advance

You needvto speak to your IP as the signed chairmans report is required to formalise the chairmans meeting and therefore as not done it does mean it appears they have cancelled your iva which is in their gift to doI am afraid. It is not the sole responsibility of the iva company to remind you !

As soon as you had the report you should have checked and signed it and sent it back.

It does sound as though the arrangement has been cancelled due to your not actually agreeing to it in time. Speak to your IP and see if anything can be salvaged.

You clearly have more than one address but your IP was only aware of one. If you have been living elsewhere for months then you should have informed your IP and this would not have happened. It does sound like your IVA has been cancelled as without your agreement to the conditions it would never have been legal.