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bob
Junior Member
191 Posts |
 Posted - 08 October 2008 : 11:23:12
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| hi im on iva but for some reason i will file for bancruptcy as due to some changes .. my questions is what do you call that term or certificate for a failed iva before youcan apply for bancruptcy ... tnx |
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369
Junior Member
366 Posts |
Posted - 08 October 2008 : 11:26:57
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I think it is called a Certificate of Termination, you should speak to your IVA company and get one of these, usually it takes three missed payments to get one, but someone on here the other day got one before three months was up.
Hope that helps |
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bob
Junior Member
191 Posts |
Posted - 08 October 2008 : 11:30:19
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| tnx 369 ... will the OR will not accept my application w/o it ????my reason of asking is that i would like to book for an appointment but not sure if my IP will issue it at once after three missed payments ... tnx again |
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369
Junior Member
366 Posts |
Posted - 08 October 2008 : 11:34:41
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Have you missed any payments towards your IVA yet?
I have read on here before that the Court (you are not issued an OR until you are bankrupt) will not declare you bankrupt unless you have the Certificate of Termination due to your IVA failing.
Best thing to do is to call your IVA company...you don't want to pay £495 to go bankrupt only to find that they dont accept it as you dont have the Certificate. |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 08 October 2008 : 11:41:43
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Check with your local court, as not all courts want the certificate of termination, although I think more and more are doing so now.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 08 October 2008 : 13:59:11
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Best of Luck Bob, hope it all works out for you:-)
Jo x
Your Mother Hen :-)
Please visit my blog for info on how I got here and other information to guide you through from my experience called:
"Mother Hen's New Debt Free Life with Links and added info on Bankruptcy!" available to view at:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 09 October 2008 : 13:28:38
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Certificates of Termination can take quite some time to materialise. As long as you've at least got a letter from your IP stating the IVA has failed, you should be fine.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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what certificate ???? iva failed
