Page 1 of 1
Posted: Sat Feb 02, 2008 11:15 am
by ollyrharness
what happens if I dont sign the RX1 form
Posted: Sat Feb 02, 2008 12:03 pm
by abc
Depends on the terms of your IVA. But it can be caught under not cooperating with your Supervisor. If you agreed to the IVA and any modifications proposed by creditors regarding the registration of form RX1, why do you not want to sign it post the event?
Posted: Sat Feb 02, 2008 12:39 pm
by MelanieGiles
You should have agreed to sign the RX1 form prior to the IVA being accepted, as this is pretty bulk standard nowadays for property owning debtors. If you do not sign, you are in breach of your IVA and the Supervisor could fail the arrangement and petition for your bankruptcy. That would be an extreme measure, but you ought to be aware of the consequences.