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Keeping money from windfall
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You could ask about cancelling your IVA and dealing with your creditors individually again - but I believe this is something you ask to do and can be refused.
But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
That was the basis for this discussion, however the usual route to cancelation is by non payment.theoretica said:You could ask about cancelling your IVA and dealing with your creditors individually again - but I believe this is something you ask to do and can be refused.
It`s extremely unlikely the IP would agree to just cancel the arrangement, as usually the debtor has to breach the terms and conditions of the IVA first, plus they would not earn as much in fee`s and charges if they did.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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