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Posted: Sun Mar 02, 2008 11:37 am
by kerry.l
What will happen if my IVA is declined?
Posted: Sun Mar 02, 2008 11:54 am
by MelanieGiles
You will have the option of either declaring yourself bankruptcy or entering into a debt management plan with creditors. Why do you think that your IVA might be declined?
Posted: Mon Mar 03, 2008 5:10 pm
by iva experts
Hello,
If your IVA is rejected at creditors meeting, you will be back to square one in regards to your debt options. You could consider either a DMP or Bankruptcy. You could consider another IVA proposal if your circumstances have changed and you strongly believe you can get an approval.