Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
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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