Second IVA?

Second IVA?

11:13 AM, 17th October 2018, About 5 years ago 4

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Hi all, I had a tenant leave on the 1st of March 2017 with £1,050 arrears and dilapidation’s. To my surprise they were already in the process of arranging an IVA and I was added as one of a number of creditors expecting 25p in the pound spread over five years!

Fast forward fifteen months and the IVA has failed with hardly a penny being paid to the insolvency practitioner, an application for a CCJ was submitted and issued at the end of September. I gave them 7 days notice last Tuesday to pay before applying for a writ of control, imagine my shock this morning when I received a letter from Credifix advising that they have applied for another IVA.

Surely this can’t be right either legally or morally?

Thanks in advance for any advice.


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Neil Patterson

11:27 AM, 17th October 2018, About 5 years ago

An IVA of an IVA?

Yep that is a new one on me and I wonder if the second IVA company has picked up on the first yet.


13:31 PM, 17th October 2018, About 5 years ago

Reply to the comment left by Neil Patterson at 17/10/2018 - 11:27
Just about to notify them!

Andy Bell

12:50 PM, 18th October 2018, About 5 years ago

You aren't the only one having issues with an ex-tenant with a CreditFix IVA. My issue is different and will be settled one way or another down the legal route.
Have you had chance to vote at the "virtual meeting"? Has the original IVA cost been added to the debts? Are there any factual problems with the proposal?
Forget morality, Legal route can end up expensive, could be a less painful route.


16:17 PM, 18th October 2018, About 5 years ago

Hi Andy, no real truck with Creditfix, have voted by proxy, looks as if the original IVA costs have been submitted via a debt collection company!, it's just got under my skin that people can behave like this and walk away from tens of thousands of pounds worth of debt with the hollow threat of paying 7.6p in the pound over six years.

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