is it possible for an IVA to be taken over by another company?

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

helen979

User avatar
Posts: 1
Joined: Tue Aug 21, 2018 1:29 pm

Post by helen979 » Tue Aug 21, 2018 1:29 pm
is it possible for an IVA co to be taken over my son had an IVA with swift, but they appear to have passed him over to another company mid IVA, does everything they have sorted for him still stand?

Foggy

User avatar
Forum Expert
Posts: 28340
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Tue Aug 21, 2018 1:32 pm
Yes, this often happens when an IP dies, retires or reduces workload. The IVA will continue as already agreed. Often a new firm will ask you to agree to some changes which you do not have to 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

User avatar
Forum Expert
Posts: 74227
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Tue Aug 21, 2018 1:33 pm
Yes it does - a lot of companies have folded recently and their portfolios have been sold to others.
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
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”