Mis-sold IVA??

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

claire196

User avatar
Posts: 1
Joined: Fri Mar 22, 2019 6:53 pm

Post by claire196 » Fri Mar 22, 2019 6:53 pm
we entered into a iva with accuma in 2006
we were told we should of never entered into a iva as we didn't have anything to secure
we were declared bankrupt by 2008
my question is were we miss sold a iva and if so what should we do about it and how do I go about it
we paid a lot of money into it

Foggy

User avatar
Forum Expert
Posts: 28726
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Mar 22, 2019 7:18 pm
Mis-selling is hard to prove after the fact as there are so many varying circumstances to look at. The reason you have been quotes doesn't make sense as an IVA is secured on nothing ,,, you need not have any assets to enter an IVA. However, most do so to protect assets, but it is not a reason not to.
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: 74423
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Mar 22, 2019 7:18 pm
Who told you that you shouldn't have had a IVA? You don't need to have any assets.
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”