What happens if I dont sign the RX1?

3 posts Page 1 of 1
Post Reply
 
 

ollyrharness

User avatar
Posts: 8
Joined: Mon Jan 28, 2008 6:35 pm
Location: United Kingdom
Post by ollyrharness » Sat Feb 02, 2008 11:15 am
Quote
what happens if I dont sign the RX1 form
Top
 
 

abc

User avatar
Posts: 152
Joined: Wed Jan 30, 2008 4:55 pm
Location: United Kingdom
Post by abc » Sat Feb 02, 2008 12:03 pm
Quote
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?
Alan Coleman
Licensed Insolvency Practitioner with over 20 years experience and specialist for IVAs for self employed people

www.jmmarriott.co.uk
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Sat Feb 02, 2008 12:39 pm
Quote
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.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
3 posts Page 1 of 1
Return to “IVA postbag for february”