Can I cancel?

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1
Post Reply

carl114

User avatar
Posts: 1
Joined: Sat Aug 17, 2019 5:57 pm
Post by carl114 » Sat Aug 17, 2019 5:57 pm
Quote
Currently going through the IVA process. Can I cancel it before they issue the drafts to the creditors? I haven’t received the draft or signed anything uet
Top

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Sat Aug 17, 2019 6:17 pm
Quote
Usually, yes, unless you have signed any terms of engagement to the contrary --- most reputable firms will allow you to pull out before the creditors meeting.

Might I ask why you have changed your mind ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Sat Aug 17, 2019 7:05 pm
Quote
You can indeed, and it's best to if you are not fully convinced that an iva is the right route.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top

Radish

User avatar
Posts: 445
Joined: Sat Sep 15, 2012 2:19 pm
Location: United Kingdom
Post by Radish » Sun Aug 18, 2019 12:50 pm
Quote
From what I can gather, its best to pull out before the IVA begins than to pull out during it, when the IP's fee's will apply and lost interest will be re-added to the account, its good that you are weighing up your options.
IVA complete March 2014 after 6 years.
Top

Lisa Thomas

User avatar
Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am
Post by Lisa Thomas » Mon Aug 19, 2019 8:57 am
Quote
Yes you can, beware you might have to pay a cancellation fee to some firms.

Why do you want to cancel?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
Top
Post Reply
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”