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Posted: Mon Jan 14, 2008 10:13 pm
by tina
Hi can you do another iva if 1st one fails? Also on the failed iva papers it says I have not interest in property and the IP would not be looking to issue bancruptcy, what does this mean please, thank you
Posted: Mon Jan 14, 2008 10:22 pm
by Lisa2009
You can always try to propose an IVA if one fails but your creditors may not look upon it too favourably.
Also i assume you are not a homeowner and thats why you have no interest in property. There would be less to gain from bankruptcy if you have no mortgaged home.
mrs skint
Posted: Mon Jan 14, 2008 10:23 pm
by MelanieGiles
Hi there
There is nothing to stop you proposing a second IVA, but your creditors will be very sceptical if the first one failed and may not agree to a second. The papers mean that the Supervisor will not be taking steps to make you bankrupt.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp