If you have been refused an IVA - The most important thing to remember is
‘Do Not Panic’.
Determining what action you take after you have been refused an IVA will be decided by why your creditors refused your IVA in the first place.
It may be that your creditors insisted on modifications to your IVA proposal that you were unable to accept at the time of the creditors meeting, but on reflection you are able to accept now. In which case it is possible to re-propose an IVA with the necessary amendments included.
But whatever the reason your IVA was refused My IVA Adviser specialise in helping people reapply for an IVA when their previous IVA application has failed at creditors meeting.
For further information call one of our specialist IVA advisers on:
0800 088 7503.
Being refused an IVA can also be the result of not meeting the correct initial criteria. Primarily there needs to be :
- a sufficient number of creditors of at least 3,
- a sufficient amount of debt of at least £15,000,
- and a sufficient amount of disposable income of at least £200 per month
before you should even consider entering into an IVA.
Without all the qualifying criteria being met the chances are you will be refused an IVA in the initial stages of your application which could easily be avoided.
There are ways to improve the chances of getting your IVA proposal accepted and the first step is easy…
Simply call My IVA Adviser on 0800 088 7503.
We are the IVA specialists. We can make sure your IVA application has the best chance of success, quite simply because we know what we are talking about. We can make sure your IVA application has the best chance possible of being agreeable to your creditors, which makes the chances of being refused an IVA a thing of the past.
So call us now and put our claims to the test.
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