My advice would be to chat to a couple of insolvency firms to work out the best way forward in light of your current circumstances ... maybe another IVA, bankruptcy / DRO, or continue with a DMP.
Ultimately if your IVA has already failed and been terminated then you won't be able to resurrect it and will need to make new arrangements to deal with your debts.
ian860 wrote:I received a letter saying that my iva was completed but never did it state it had failed, like anyone else would do I left it, max recovery pretty much took over the debts not long after I started my iva and the majority of the payments were made in the first 3-4 years, I struggled after, but never did I receive a letter from grant Thornton or Aperture to say my iva had failed, but £7000 in fees is just ridiculous and should of been made to the creditors, which now leaves me paying back more than I originally owed
Do you still have a copy of that letter ? Leading up to a failure would have been a few letters, Notice of Breach and Notice of failure. Have you asked Aperture for an explanation as to why to got none of these?
Regarding the fees, as I said before, these were as agreed at the outset, by all parties, including you and there is nothing you can do about them.
You really need to concentrate your efforts now on sorting out a solution going forward, rather than looking to the past, before a creditor takes any enforcement action.
I would speak to aperture for clarification as to how your IVA finished.
If it completed then you need to inform the solicitor your debts were dealt with in the IVA which has now ended.
If however it failed then you need to deal with the debt.
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