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Can an IVA be passed to debt collectors?
munchkinsmum_2
Posts: 4 Newbie
in IVA & DRO
Hi all, I'm asking this question on behalf of my brother-in-law whose a bit of an ostritch sometimes!
He's had an IVA for over a year now but having read these forums I'm convinced he was sold a dud - so to speak.
He doesn't own his own home and his only asset is his car which strictly isn't an asset as it's still on finance. Yes they let him keep a car on finance.
Anyway, he was made redundant a few months ago and so his income has drastically reduced. He signs on for Jobseekers in between jobs and wrote to the IVA people (who are off the telly), told them the situation and asked for a few months grace. They granted this but then they've phoned him this week and told him that if he doesn't start payments again when agreed (in 2 months) they'll go to debt collectors.
Can they do this? I thought they'd just go to bankruptcy if payments were missed? I'm really worried for him cos I'm sure he's not been made aware of the full implications and he's got two little kids to provide for. He's a massive worrier and has already been to A&E for panic attacks.
All help and advice very gratefully received:o
He's had an IVA for over a year now but having read these forums I'm convinced he was sold a dud - so to speak.
He doesn't own his own home and his only asset is his car which strictly isn't an asset as it's still on finance. Yes they let him keep a car on finance.
Anyway, he was made redundant a few months ago and so his income has drastically reduced. He signs on for Jobseekers in between jobs and wrote to the IVA people (who are off the telly), told them the situation and asked for a few months grace. They granted this but then they've phoned him this week and told him that if he doesn't start payments again when agreed (in 2 months) they'll go to debt collectors.
Can they do this? I thought they'd just go to bankruptcy if payments were missed? I'm really worried for him cos I'm sure he's not been made aware of the full implications and he's got two little kids to provide for. He's a massive worrier and has already been to A&E for panic attacks.
All help and advice very gratefully received:o
0
Comments
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Have a look on iva.co.uk they may be able to advise, but an IVA is granted through the courts, so i don't think it can be passed to debt collectors.
Can he not ring his advisor that is put in place at the time of the IVA being granted?
He should also ring Payplan, i went through them, and they have been great.0 -
Thank you msflowerfairy, I've posted the question and will let you know what iva.co.uk come back with.
I think I'll get as much info as possible then get him to call his advisor, at least he'll have a bit if info to go in with.
Watch this space!0
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