How do i get out of an Iva with PayPlan ?

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john828
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by john828 » Fri Mar 17, 2017 7:13 am
How do i get out of an Iva with Payplan
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kallis3
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by kallis3 » Fri Mar 17, 2017 8:44 am
Hi,

You can let it fail but you run the risk of being back to square one and all interest being added back on. You may end up owing more than you started with.

Why do you want to get out of it?
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Foggy
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by Foggy » Fri Mar 17, 2017 8:49 am
Hi. Might I ask what the problem is and how long have you been in the IVA ? It is usually unwise to allow an IVA to fail as you will end up with more debt than you started with as well as having wasted a lot of time and trashing your credit record needlessly.
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plasticdaft
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by plasticdaft » Sun Mar 19, 2017 5:32 pm
Starting an iva is a massive decision so I too am wondering why you want out?

Paul
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Lisa Thomas
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by Lisa Thomas » Wed Mar 22, 2017 1:17 pm
As the others state the only way to get out is if you complete it or fail it. Failure could result in Bankruptcy and/or recovery proceedings by creditors as you will be back to square one again.

What is the problem with why you want out?
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