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Posted: Thu Aug 14, 2008 5:56 pm
by john.jk
Once a IVA has been accepted can the creditor/s change there mind and decide to go back on there vote ?[:)]
Posted: Thu Aug 14, 2008 6:01 pm
by kallis3
It's legally binding for all concerned.
Posted: Thu Aug 14, 2008 6:01 pm
by indebtforever
no once it is accepted they are tied to it unless you break some conditions
Posted: Thu Aug 14, 2008 6:01 pm
by Kazzy E
Hi John, I don't think so, I thought this was legally binding for the full term unless a F&F is agreed or the IVA fails after three non-payments. May be wrong, would be interested to know as well. Kazzy x
Posted: Thu Aug 14, 2008 6:18 pm
by MelanieGiles
Absolutely legally binding on both sides, which is one of the advantages of an IVA over a DMP.