Lisa Thomas wrote:If creditors reject the IVA I suspect they will reject a DMP.
We have had previous posters going on to a DMP while re-grouping. All depends on the individual circumstances, reasons for the initial rejection and the "size of the prize". Creditor led bankruptcy is an expensive business and there would need to be substantial equity, for instance, for them to proceed down this route. In some cases the reasons for rejection include things such as recent spending and a DMP can put that further in the past as time marches on.
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