2nd iva

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tina

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Post by tina » Thu Sep 11, 2008 6:29 pm
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Hi does any1 know if your 1st iva fails would 1 2nd b accepted?
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Skippy

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Post by Skippy » Thu Sep 11, 2008 6:36 pm
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As far as I'm aware you can propose a second IVA, but the proposal would have to explain why the first one had failed, and what made the second one more likely to succeed.
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MelanieGiles

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Post by MelanieGiles » Thu Sep 11, 2008 11:20 pm
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Spot on Skippy! Second IVAs are always harder to justify than first ones - but if the circumstances are suitable there is no reason not to try.
Regards, Melanie Giles, Insolvency Practitioner
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