I don't want to go ahead with the IVA

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

alex156

User avatar
Posts: 1
Joined: Mon Mar 22, 2021 9:41 pm

Post by alex156 » Mon Mar 22, 2021 9:41 pm
I agreed to let a company set up a Iva application but I don’t want to go ahead can I now tell them not to it’s been less than 24 hrs

kallis3

User avatar
Forum Expert
Posts: 76908
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Mon Mar 22, 2021 9:54 pm
If you've not had a creditor meeting you can tell your IP company to stop the application.

Is there any reason why you don't want to do this?
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

luluj

User avatar
Forum Expert
Posts: 11208
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom

Post by luluj » Tue Mar 23, 2021 3:02 am
You clearly have financial concerns, explore all options available. Until your creditors meeting day you have the right to withdraw - if you are unsure then pause the process, take further advice and decide on way forward.
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"

Foggy

User avatar
Forum Expert
Posts: 33029
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Tue Mar 23, 2021 7:37 am
As already mentioned, you are not committed until the creditors meeting has taken place. Stop the process and take a step back to re-think. Never be rushed into anything.
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
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”