Changed my mind on IVA where do I stand

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carla
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by carla » Mon Nov 19, 2018 4:57 pm
I have signed a proposal with Hanover but have changed my mind and no longer wish to do the Iva, I’m worried they’ll charge me lots of fees, but when I phoned was told I can’t change today and the contract says I have the right to cancel without charge within 14 days but if I sign I waive my rights to cancel within 14 days??
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Foggy
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by Foggy » Mon Nov 19, 2018 5:26 pm
It does depend upon your agreed terms with Hanover but, with the vast majority of reputable firms, you are free to withdraw any time before the creditors meeting is held. A few firms do charge for work carried out (again, most do not) to this point. Dig out anything you have signed and see what it says.
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luluj
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by luluj » Wed Nov 21, 2018 4:43 am
You have the right to withdraw until the creditors meeting, and certainly the cooling off period should be ok.
Be sure that you have considered all options for a debt solution and take advice from two or three companies to alleviate any fears.
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kallis3
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by kallis3 » Wed Nov 21, 2018 7:34 am
Is there any reason you don't want to go ahead?
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