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sharonward70a78
Junior Member
169 Posts |
 Posted - 28 August 2008 : 11:03:58
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my iva was excepted in feb one of my creditor
that didnt even bother to vote are now threatning court action how does this work as they were included in my proposal |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 28 August 2008 : 11:20:21
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Good morning and welcome to you,
I was always under the impression that as long as there was a majority agreeing to the IVA then they all had to oblige, so that means that they have to stick to the terms of the IVA.
I would find out from your IVA company what they intend to do as tech they should not be writing to you now, its dealt with by your IP thats what you pay them for.
And no i do believe that they should not be able to take any further action, thats providing your IP are doing there job.
JO
"There is light at the end of the tunnel, if you cant find it, get a brighter torch!"
You can read my blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/2008/08/24/my-debt-free-future/ |
Edited by - Needafriend on 28 August 2008 11:22:25 |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 30 August 2008 : 14:16:02
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Hi Sharon,
If your IVA was accepted, this creditor is now legally bound by it and has no recourse in law unless the IVA fails (usually after 3 missed payments).
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 30 August 2008 : 14:29:04
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Hi Julian,
So technically i was along the right lines then. :)
At least im getting somethings right at the moment. LOL
JO
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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my iva was excepted in feb one of my creditor
tha
