www.iva.co.uk

Hello long story short I’ve been emailing my Iva company back and thro last couple weeks.

Pretty much the lady is calling a creditors meeting to tell the creditors to vote to accept the money already paid to complete my Iva ( this will be 1 year early )

If all this goes ahead and the Iva is marked as completed would I be eligible to enter into a DRO ?, does completed work the same as terminated in that sense of you no what I mean?

As I wanted to end my Iva and go into a DRO but they wouldn’t help me until the Iva was terminated but I found out my creditors could accept the money paid to date, so I thought I’d rather finish it rather than fail it if u no what I mean.

The so basic question is : can I still enter a drop upon completion of the Iva?

I must add the reason for the DRO is I have stupidly built up some other debts threw out the IVA

The debts included in your IVA will be cleared but the other ones won't. Not sure if you would be able to do a DRO but you could go bankrupt. You would have to pay for it (can't remember the fee now) and you may have to have a payment for three years but you would then be cleared of all debts.

If you qualified for the IVA criteria you would be unlikely to satisfy the DRO criteria