what happens if FF is not accepted?

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katiew86

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Post by katiew86 » Wed May 16, 2012 1:19 pm
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hi all,

we havent put forward a F&F but i was wondering what happens if it isnt accepted, does the IVA just carry on as usual?

Thanks,
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Michael Peoples

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Post by Michael Peoples » Wed May 16, 2012 1:24 pm
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That is normally what would happen unless you are not in a position to maintain payments. If this is the case the IVA would be failed and you could be made bankrupt. Best of luck with the F&F and hopefully your IVA will close successfully.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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katiew86

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Post by katiew86 » Wed May 16, 2012 2:09 pm
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thanks michael,

we are only 6 months in so not looking to put forward a f&f just yet but its good to know our options!
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nffcwatto

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Post by nffcwatto » Wed May 16, 2012 6:14 pm
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what actually does F+F mean well stand for ? I know it basically means pay off earliy ?
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Foggy

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Post by Foggy » Wed May 16, 2012 7:28 pm
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Full and Final, Chris :-)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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