What will happen if my IVA is declined?

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kerry.l

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Post by kerry.l » Sun Mar 02, 2008 11:37 am
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What will happen if my IVA is declined?
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MelanieGiles

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Post by MelanieGiles » Sun Mar 02, 2008 11:54 am
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You will have the option of either declaring yourself bankruptcy or entering into a debt management plan with creditors. Why do you think that your IVA might be declined?
Regards, Melanie Giles, Insolvency Practitioner
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iva experts

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Post by iva experts » Mon Mar 03, 2008 5:10 pm
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Hello,

If your IVA is rejected at creditors meeting, you will be back to square one in regards to your debt options. You could consider either a DMP or Bankruptcy. You could consider another IVA proposal if your circumstances have changed and you strongly believe you can get an approval.
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
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