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T O P I C R E V I E W
Kirsty
Posted - 25 June 2011 : 11:03:09 Hi
Our IVA has failed after 2 years and we received certificate of termination yesterday. My husband and I are currently saving the fees to go bankrupt. How long is it before we can expect to receive letters from our creditors requesting money. Only about a third voted at the meeting. Our main creditor didn't reply. Does interest start accruing on our debt? We have changed phone provider for a better deal so they won't know our landline number.
Thanks, Kirsty
2 L A T E S T R E P L I E S (Newest First)
moodybluetwo
Posted - 25 June 2011 : 13:27:31 When I ended my IVA a told any creditors that contacted me I was going BR.....they then left me alone. I completed the bankrupcy within two months.
Niobe
Posted - 25 June 2011 : 11:12:20 Hi Kirsty and welcome to the forum.
So sorry to hear that your IVA has failed.
Your creditors can start contacting you again at any time but of course it will only be by letter so at least you won't have that hassle.
There is a good chance they will start charging interest and putting charges on again but I wouldn't worry as this will all be written off when you go BR so it doesn't matter how much they put on.
Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe
