Cancelling my IVA application?

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abigail

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Post by abigail » Sat Jul 28, 2018 8:42 am
My IVA has been approved but the meeting with the creditors hadn’t taken place and would like to cancel. What would be the process and cost of cancelling at this stage? It was approved on the 25th of July

Foggy

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Post by Foggy » Sat Jul 28, 2018 8:56 am
abigail wrote:
My IVA has been approved but the meeting with the creditors hadn’t taken place and would like to cancel. What would be the process and cost of cancelling at this stage? It was approved on the 25th of July
If it has been approved on the 25th then the meeting took place on the 25th ... depending on what you mean by "approved".

If you just mean that the IP and you have agreed the terms, then it can be stopped anytime just by telling the IP. Depending on who you are with, you might still have to pay the fees. Most firms do not charge at this stage, but some do.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kallis3

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Post by kallis3 » Sat Jul 28, 2018 10:01 am
I agree we need to know more information - how has it been approved if no meeting has taken place?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

abigail

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Post by abigail » Sat Jul 28, 2018 3:44 pm
“If you just mean that the IP and you have agreed the terms, then it can be stopped anytime just by telling the IP. Depending on who you are with, you might still have to pay the fees. Most firms do not charge at this stage, but some do.”
That’s what I meant, thanks for your response. It’s really helped
:wink:




Foggy wrote:
abigail wrote:
My IVA has been approved but the meeting with the creditors hadn’t taken place and would like to cancel. What would be the process and cost of cancelling at this stage? It was approved on the 25th of July
If it has been approved on the 25th then the meeting took place on the 25th ... depending on what you mean by "approved".

If you just mean that the IP and you have agreed the terms, then it can be stopped anytime just by telling the IP. Depending on who you are with, you might still have to pay the fees. Most firms do not charge at this stage, but some do.

kallis3

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Post by kallis3 » Sat Jul 28, 2018 4:02 pm
Was it approved or not?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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