If you get refused an IVA

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
User avatar
Posts: 2
by jonathan398 » Sun Sep 10, 2017 8:17 pm
If you get refused an IVA due to a large portion of debts being with creditor is there any point on reapplying
User avatar
Forum Expert
Posts: 27116
by Foggy » Sun Sep 10, 2017 8:22 pm
If the creditor votes no -- if they might change their minds depends on the reasons for the no vote and whether the proposal could br amended to reflect this. If it is their policy to refuse -- then you are stuck if they carry the voting weight to out vote the others.
User avatar
Michael Peoples
Industry Expert
Posts: 15189
by Michael Peoples » Mon Sep 11, 2017 8:42 am
It depends on why the creditor rejected. Some creditors do reject all IVAs if they hold enough votes and if that is the case there is little you can do. You could consider bankruptcy or debt management so chat with your IP.
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 25 guests