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Posted: Tue Mar 18, 2008 2:37 pm
by anais743
What is the latest stage you can decide not go ahead with
1) the IP
2) the IVA
regards
Posted: Tue Mar 18, 2008 2:39 pm
by Oliver
You can decide to pull out of your IVA at any point (you can simply stop paying into it) but you will then be back to square one again.
Once you have had your IVA approved by the creditors it is notoriously difficult (time consuming and expensive) to change IPs.
Posted: Tue Mar 18, 2008 3:16 pm
by emma_t
Hi anais
I got right to the recieving the proposal stage when I decided to change IP and I had no problems with this, I felt I was not being properly advised by the first company.
Posted: Tue Mar 18, 2008 3:52 pm
by Adam Davies
Hi
As others have stated you can pull out at the creditors meeting stage if you change your mind or do not agree with any modifications.Once agreed at the meeting and your IVA is live you are with your IP through thick and thin but can stop paying into your IVA at anytime.
Regards