IVA : What Can I Do If My IVA Fails At Its Creditors Meeting?

If your application for an Individual Voluntary Arrangement (IVA) does not pass its creditors meetingyou do still have some options.

What you do will depend on why your Individual Voluntary Arrangement (IVA) application has failed. You may wish to consider re-applying if your Individual Voluntary Arrangement (IVA) proposal was rejected for a reason which can now be agreed to or it may have been rejected because your creditors were unable to vote, but can now.

So your first choice may be to re-apply for your Individual Voluntary Arrangement (IVA). If that is not possible or unwanted you may wish to consider a Debt Management Programme. Use this link which explains how a debt management programme is an informal arrangement that is sometimes used instead of an Individual Voluntary Arrangement (IVA) by people in debt.

If you are unable to do an Individual Voluntary Arrangement (IVA) and choose not to do a Debt Management Programme there is always the option of a Bankruptcy. Bankruptcy is usually last on the list of options for people in serious debt. It can however be their only option and in certain circumstances is their best option. Follow this link for Bankruptcy and find out if it could benefit you if your Individual Voluntary Arrangement (IVA) has failed.

If you are experiencing serious financial problems and you would like to discuss them in more detail call 0800 088 7503 or visit myIVA-Adviser.com to download one of our free guides designed to help people in debt.

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• Individual Voluntary Arrangements
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