My IVA company went bust so I cancelled my DD

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
User avatar
janet440
Posts: 1
by janet440 » Wed May 09, 2018 5:38 pm
I had an IVA but the company went bust last year I had no correspondence telling me this, I found out purely by accident so cancelled my DD with them out of concern, this was 5 months ago. To this day I have had no correspondence informing me. Today I received a text from a company saying I was in arrears and to contact them. I don't know who they are, again I've had no correspondence. Is it legal for them to do this without my knowledge or consent and am I obliged to pay. I cancelled the DD after I found out they went into liquidation and feel it was they who broke our contract. Am I right? Any advice would be helpful
Yours Sincerely
J Blax







i
User avatar
MerlinL14
Posts: 1490
by MerlinL14 » Wed May 09, 2018 5:59 pm
When 'whoever' it was you were with ceased to trade anymore your IVA portfolio would have been passed to another company/IP. It is probably taken this long to sort out as there would have been hundreds off accounts the 'new' company needed to trawl through to get things back on an even keel. You could technically be held in breach, I take it you didn't put away the payments? You need to engage with the new company, outline your lack of communication from the old company and had no idea other than them going bust about what to do. They could add payments to the projected end of the IVA to make up for the missing payments. Don't think this will go away you NEED to open a dialogue with them as a matter of urgency.
User avatar
Foggy
Forum Expert
Posts: 27284
Contact
by Foggy » Wed May 09, 2018 6:06 pm
The change of cases from one firm to another is standard practice when an IP ceases to function. They do not need your consent. Usually the bank accounts transfer too and old DDs still function.

You do not have to pay the arrears, but the IVA will then fail and the last few years will have been wasted, along with your payments. You would have broken the contract by not paying .

Aperture have taken over several caseloads recently and are not known for their communications skills.
User avatar
kallis3
Forum Expert
Posts: 73706
Contact
by kallis3 » Wed May 09, 2018 8:47 pm
Who were you with?
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: kallis3 and 33 guests