Can i cancel My IVA even before it's set up?

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sintija
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by sintija » Wed Sep 06, 2017 5:17 am
Can i cancel My IVA even before it's set up? Like I decided not to proceed with my IVA further?
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Foggy
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by Foggy » Wed Sep 06, 2017 6:41 am
You can stop the process any time before the creditors meeting. Most firms will not charge any fees if this happens, but some might, depending upon whatever you have agreed in this respect.
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Michael Peoples
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by Michael Peoples » Wed Sep 06, 2017 8:20 am
You can cancel up to the date of the meeting of creditors as you do not need to accept any modifications but they have to be discussed with you. If you are having doubts get a second opinion from another firm or someone independent like the CAB.
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luluj
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by luluj » Wed Sep 06, 2017 1:51 pm
If you are unsure.now is the time to
stop it before it is formalised and agreed.
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Lisa Thomas
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by Lisa Thomas » Wed Sep 06, 2017 1:58 pm
Yes but bear in mind there may be some costs to pay.

Why have you changed your mind?

Get a second opinion.
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