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Question re IVA

skibadee
skibadee Posts: 1,304 Forumite
in IVA & DRO
If you fail one IVA [and are not made BR by any of your creditors] can you take out another IVA ?

Comments

  • Charco_2
    Charco_2 Posts: 1,677 Forumite
    Yes

    It would depend on the reasons for failure but if your IP is inclined to believe that your IVA would have a genuine chance for success (which is important for all IVAs) then there shouldn't be a problem.

    If it failed because you DIDN'T pay then the creditors may think twice about accepting the proposal, but not necessarily. If it failed because you COULDN'T pay then that's different (change of circumstances/lost job/ reduced pay)
    Would you ask the wolves to look after the sheep?
    CCCS funded by banks
This discussion has been closed.
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