iva rescinded

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dennis
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by dennis » Thu Nov 01, 2018 5:53 pm
if iva has been rescinded will my name now come off the insolvency register? and what will happen to my debts .
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kallis3
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by kallis3 » Thu Nov 01, 2018 6:07 pm
If you are still in an IVA then it will continue - your ex will be liable for their debts.
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Foggy
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by Foggy » Thu Nov 01, 2018 6:17 pm
It depends on what you mean by "rescinded": If it has been terminated or failed then you will come off the Insolvency Register around three months after the termination certificate is issued and the IVA will remain on your credit files for 6 years from the start of the arrangement. If it has been annulled (as though it never existed) by the courts, it should be removed from everywhere right away under direction from the court.

Debts will now revert back to their original status and it will be up to each creditor as to how they wish to proceed, acording to the circumstances of the situation and their owm moral compass.
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Lisa Thomas
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by Lisa Thomas » Mon Nov 05, 2018 10:18 am
What do you mean by rescinded?
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