If my IVA fails ...

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fishface

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Post by fishface » Mon Apr 13, 2020 6:34 pm
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Hi. Can anyone give me some information please. If my IVA fails, can my IVA company or debtitors force me to sell my house against my wishes?
If they make me bankrupt can they make me homeless even if I'm prepared to make payments towards my debts? Such as a DMP or any other arrangement.

Thanks.
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Foggy

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Post by Foggy » Mon Apr 13, 2020 8:03 pm
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If they are so minded to petition for your bankruptcy it is possible that the house could be sold -- at the end of the day it comes down to the figures involved. They are not obliged to accept any other arrangment and, if you allow the IVA to fail, would wonder why any other arrangement would be kept to.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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luluj

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Post by luluj » Tue Apr 14, 2020 2:07 am
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If you are thinking it will fail can I suggest you take some formal advice on what to do. The citizen advice bureau is available to support you with advice.
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"
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Foggy

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Post by Foggy » Tue Apr 14, 2020 8:26 am
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Why, may I ask, are you considering this possibility so late in the day ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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