Can I stop paying my IVA?

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


User avatar
Posts: 1
Joined: Sun Dec 06, 2020 4:52 pm

Post by julian776 » Sun Dec 06, 2020 4:52 pm
I am Currently half way through an IVA . In the last year the four Loans that I owed money on have all gone bust , Do i still need to pay my IVA as All My emails state that they cannot recieve any payments , wondering where my money i pay each month is going


User avatar
Posts: 33353
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sun Dec 06, 2020 5:00 pm
It will be going to your other creditors, if any, to increase the debt repaid to them, or to any debt collectors who purchase the debts from the old companies in due course. Depending on what actually happened to the old lenders, the money might be going to the Official Receiver in Bankruptcy. Check in with your IP and ask.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”