IVA cancelled

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peter88
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by peter88 » Sun Apr 30, 2017 1:06 pm
Hi is there a cooling off period after IVA is agreed?
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Foggy
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by Foggy » Sun Apr 30, 2017 1:25 pm
Hi. No, there is not. You need to be sure you want to go ahead before the creditors meeting.
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kallis3
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by kallis3 » Sun Apr 30, 2017 1:38 pm
Agree - once accepted the only thing you can do is let it fail.

Any reason you are asking the question?
peter88
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by peter88 » Sun Apr 30, 2017 1:53 pm
I my have changes to my circumstances that will allowed me to pay what I own to my debitors, my meeting is scheduled for 12.05.17.
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kallis3
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by kallis3 » Sun Apr 30, 2017 2:04 pm
If that is the case you need to sort it now. Speak to your prospective IP.
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Foggy
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by Foggy » Sun Apr 30, 2017 2:04 pm
All you need do is cancel the meeting. Most IP's will not charge for work done thus far (though some might, depending upon what terms you agreed at the outset).
peter88
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by peter88 » Sun Apr 30, 2017 2:23 pm
Thank You Guys !
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luluj
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by luluj » Sun Apr 30, 2017 2:39 pm
Cancel now if any chance you can sort it - you can always reconvene later if things don't work out
peter88
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by peter88 » Fri May 05, 2017 6:38 pm
Unfortunately I have to go ahead with IVA! :cry:
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Foggy
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by Foggy » Fri May 05, 2017 6:40 pm
peter88 wrote:
Unfortunately I have to go ahead with IVA! :cry:



Why ?
peter88
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by peter88 » Fri May 05, 2017 6:44 pm
Stupid me
peter88
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by peter88 » Fri May 05, 2017 6:45 pm
Next Friday is the day I'm waiting for!
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Michael Peoples
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by Michael Peoples » Mon May 08, 2017 8:11 am
You do not have to proceed with the IVA and if there are any conditions you have to agree with those. If the meeting has not taken place and you have not agreed the terms then cancelling should be easy.
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Lisa Thomas
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by Lisa Thomas » Mon May 08, 2017 2:21 pm
The key here is why have you changed your mind?
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