question category: IVA

What happens if my IVA is not approved?
Submitted on: 28th Oct 2008 by Non-Member | Total Answers: 2

What happens if my IVA is not approved. I think this is my only chance of getting on with my life.

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Re: IVA NOT Approved

Hopefully it won’t happen. But if your creditors don’t agree to your IVA proposal you can:

  • Try and address your creditors concerns and see if you can alter the proposal to make it more acceptable
  • Look at an informal arrangement like a Debt Management Plan
  • Consider Bankruptcy

 

Submitted on: 29th Oct 2008 by TA Member

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What happens if my IVA is not approved?

If your IVA is not approved, based on the reasons for objection and together with your Insolvency Practitioner, you may decide to make a change to your proposal and have another meeting of creditors and try and get it approved.

If the IVA is not accepted then you will not accepted you will need to consider other debt solutions. These may include Debt Management and Bankruptcy.

 

Popular IVA searches: free iva, iva companies, iva calculator, iva explained, iva gov

Submitted on: 28th Apr 2009 by TA Member

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