What if my iva is not accepted?

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eek1234

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Joined: Sat Oct 26, 2019 12:33 pm

Post by eek1234 » Sun Nov 03, 2019 3:03 pm
What percentage of IVA’s proposed actually get accepted these days?

I have just signed my proposal paperwork and waiting on a date for the MOC. I am worried that the worst will happen and it won’t be accepted which will really put me in a difficult position. If declined, is there room for negotiation or can I re-apply?

Foggy

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Joined: Fri Dec 17, 2010 11:14 am
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Post by Foggy » Sun Nov 03, 2019 3:47 pm
The majority are accepted -- the IP would not put it forward if it was a lost cause -- no IVA ... no fee !
If it is rejected, what to do next will depend on the reasons why ... address those and try again. Possibly go into a DMP in the meantime.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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