Can i cancel IVA? Haven't signed any paperwork yet to start IVA.

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nick803
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by nick803 » Thu Jun 15, 2017 7:49 pm
Evening Im in the process of setting up an IVA with payplan, they havve done a statement of earnings but I haven't signed any paperwork yet and I have decided after receiving a pay rise to not pursue with it, can I cancel it as i haven't spoke to the IP yet?
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Foggy
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by Foggy » Thu Jun 15, 2017 7:52 pm
Yes you can halt the proceedings -- you are not tied in until the IVA has been agreed with creditors. To save Payplan unneeded work, though, it would be best to tell them sooner rather than later
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luluj
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by luluj » Thu Jun 15, 2017 8:03 pm
Now is the time to do it before it is formalised . Good luck with your new promotiom / new job x
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Michael Peoples
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by Michael Peoples » Fri Jun 16, 2017 10:58 am
You can cancel by all means as no meeting has been held. However do not wait to speak to the IP at Payplan as this could mean a long wait!
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