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Posted: Fri Jun 27, 2008 1:28 pm
by bev.nn
I've had a few letters since my IVA was agreed from Eversheds advising me that various accounts have been sold on and transferred to MAX Recovery Ltd. The latest letter received is in relation to a Marks & Spencer account which went into my IVA.
Posted: Fri Jun 27, 2008 1:41 pm
by pbeck
You can ignore these letters, while they affect who will be receiving the dividends from your IVA, that's a matter for the Supervisor rather than yourself.
Many commercial creditors pass on IVA debts to people like Max Recovery so they no longer have to deal with them themselves.
Posted: Fri Jun 27, 2008 2:20 pm
by bev.nn
oK, THANKS!
Posted: Fri Jun 27, 2008 9:51 pm
by Soulgrowth
It has worked to my advantage recently that most of my debts were 'bought' by Max Recovery. When I recently offered a full and final, Max were essentially my main creditor and voted positively, getting a good return for for their investment!
Debbie
Posted: Fri Jun 27, 2008 10:09 pm
by kallis3
I've had those letters - just put them in the shredder!
Posted: Sat Jun 28, 2008 9:56 am
by Lisa2009
Its quite normal for debts to be sold on to Max Recovery.
3 years into hubbys IVA, Max Recovery owned the majority of his debt.
The letters are nothing to worry about and the chances are, after the letter you wont hear from them again. If you do, just have your IP to contact them.