Finally, your daughter could even propose an IVA whereby a percentage of the money goes to creditors, statutory interest is removed and she retains what is exempt and needed. If creditors approve this the bankruptcy can then be annulled and she may not even need to be repaying in full.
https://www.gov.uk/government/organisat ... -procedure
Who is onlineUsers browsing this forum: Ryan and 20 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location