Plan of action

cumbrianmale

Soliciting views on my plan of action.

Background

Due to redundancy in 2006 I entered into a DMP with Step change, this continued successfully for many years. In January 2018 I then entered into an IVA as circumstances had changed drastically. All accounts had defaulted long ago and have gone from CRA's.

In February 2019 the IVA failed due to non payment because of further change of circumstances including marriage breakdown. I received my final letter from the Insolvency Practitioner on 14 February 2019 and believe/assume they also wrote to all creditors at the same time. No creditor received any payment as all the proceeds went in fees to the IP.

I have been contacted by a couple debt collectors in the last 18 months or so but just ignored all contact.

It is Cabot and Lowell who have attempted to make contact. Cabot quite vociferously and Lowell sporadically.

Plan of action

All these debts are now statute barred as no payments have been made since about June/July 2017 and no correspondence since the final letter of IVA failure from the IP in February 2019.

I intend to send Provit letters to any correspondence received and should they come back with evidence claiming it is enforcable then send a statute barred letter.

My reasoning being as I don't know exactly when or if the IP wrote to the creditors the Provit letter puts a bit more buffer into the 6 years for Statute Barring them.

All comments and suggestions welcomed.

fatbelly

That seems sensible

sourcrates

Good plan, see who contacts you and act accordingly.

To be certain I`d give it as long as you can before responding to anyone.