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Iva and bankruptcy query
larzie30
Posts: 233 Forumite
Hi there
I was wondering if you can get an Iva if you have previously been bankrupt.
Thank you
Lara
I was wondering if you can get an Iva if you have previously been bankrupt.
Thank you
Lara
Bankrupt 10.50hrs 27th August 2009. Big fan of this forum because people are so helpful.
0
Comments
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You can get an IVA at any time before discharge, currently 12 months from the date of bankruptcy. After this time you will not get an IVA.
If you mean can an IVA be given to someone that has previously been made bankrupt and has been made bankrupt again, then yes an IVA can be given within 12 months of that second bankruptcy.0 -
The situation is that the person was discharged from bankruptcy in 2009 but due to ill health is now in financial difficulty and is wondering if previous bankruptcy would preclude them from setting up an individual voluntary agreement under these circumstancesBankrupt 10.50hrs 27th August 2009. Big fan of this forum because people are so helpful.0
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No it wouldn't. Tell him to get in touch with National Debtline and to go through his difficulties with them. If he would like support with going into an IVA and to talk with people who have been through or are going through the experience then he can chat to the lovely people on the IVA and DRO board.
http://forums.moneysavingexpert.com/forumdisplay.php?f=159BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0
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