http://myvesta.org.uk/faq en-us http://myvesta.org.uk/faq ActiveKB NX steve.rhode@myvesta.org.uk Tue, 10 Nov 2009 19:50:41 CST 20 http://myvesta.org.uk/faq/questions/1/ Yes. The IVA is an effective tool that can be used to deal with multiple debt problems without the need to petition for your own bankruptcy. As part of the Myvesta IVA process your creditors will ... Steve Rhode Fri, 19 Jan 2007 10:04:21 CST http://myvesta.org.uk/faq/questions/2/ Yes. The Individual Voluntary Arrangement (IVA) is part of the Insolvency Act of 1986 and as such is a legal statutory debt help tool that can be used to help individuals that have become over-i ... Steve Rhode Fri, 19 Jan 2007 10:04:10 CST http://myvesta.org.uk/faq/questions/5/ The Myvesta Mortgage Switching Service is also available to our clients and this element of the Myvesta IVA often proves to be extremely useful to those clients where there is a 5th year remortg ... Steve Rhode Fri, 19 Jan 2007 10:06:53 CST http://myvesta.org.uk/faq/questions/8/ Recognising the need that many people have to have access to an international payment processing platform, Myvesta has introduced the Myvesta Cashplus MasterCard. This pay-as-you-go chip and pin ... Steve Rhode Fri, 19 Jan 2007 10:07:56 CST http://myvesta.org.uk/faq/questions/9/ Although the insolvency practitioner is responsible for the supervisory requirement of the IVA process, Myvesta has aligned its systems to enable us to extend our international expertise in budg ... Steve Rhode Fri, 19 Jan 2007 10:11:35 CST http://myvesta.org.uk/faq/questions/11/ With the Myvesta IVA the proposal is prepared and presented to creditors via our Insolvency Practitioner partner in much the same way as other IVA proposals are prepared and presented. There a ... Steve Rhode Fri, 19 Jan 2007 10:09:41 CST http://myvesta.org.uk/faq/questions/12/ The Individual Voluntary Arrangement (IVA) solution from Myvesta is more comprehensive than standard IVAs offered by the many new firms of Insolvency Practitioners that have started up over the ... Steve Rhode Fri, 19 Jan 2007 09:52:35 CST http://myvesta.org.uk/faq/questions/14/ Starting a Myvesta IVA is Simple. Start by contacting one of the Myvesta advisors either by telephoning our advice line on 0800 1116 885 or alternatively by chatting with an advisor online via t ... Steve Rhode Fri, 19 Jan 2007 10:10:05 CST http://myvesta.org.uk/faq/questions/15/ As Myvesta is a not-for-profit organisation we do not charge our clients any fees at all for setting up an Individual Voluntary Arrangement. We also do not charge our clients any fees for the pa ... Steve Rhode Fri, 19 Jan 2007 10:00:01 CST http://myvesta.org.uk/faq/questions/16/ Calculating the exact payment while in an IVA is difficult without knowing who your creditors are, the mix of your debt and your present circumstances. However, we have created an online calculato ... Steve Rhode Fri, 19 Jan 2007 10:09:05 CST http://myvesta.org.uk/faq/questions/17/ Yes, and this is quite a common scenario. For example, you have a windfall receipt of funds (such as a gift from a friend or relative) that provides enough money to pay off the outstanding amou ... Steve Rhode Fri, 19 Jan 2007 10:14:01 CST http://myvesta.org.uk/faq/questions/18/ Typically, it will take approximately 6 weeks to actually have an IVA proposal agreed at the creditors meeting. IVA's can however be processed in a shorter period of time (as little as 4 weeks) if ... Steve Rhode Fri, 19 Jan 2007 10:09:25 CST http://myvesta.org.uk/faq/questions/19/ Yes. Indeed many couples seek the relief that can be realised by undertaking a joint IVA proposal to deal with their combined debt issues. The IVA process is not different than that involved i ... Steve Rhode Fri, 19 Jan 2007 10:13:08 CST http://myvesta.org.uk/faq/questions/34/ There are multiple solutions that are available to help people with problem debt. Some like the debt management plan (DMP) are non-binding solutions and a bit more unofficial than other options. ... Steve Rhode Fri, 19 Jan 2007 10:00:52 CST http://myvesta.org.uk/faq/questions/38/ How To Start An Individual Voluntary Arrangement — IVA With Myvesta IVA Step 1 - Contact Us The first stage of the process is to telephone or chat online with a Myvesta senior advisor so t ... Steve Rhode Fri, 19 Jan 2007 09:59:21 CST http://myvesta.org.uk/faq/questions/40/ In the United Kingdom, Individual Voluntary Arangements (IVAs) are a formal alternative for individuals wishing to avoid petitioning for their own bankruptcy. An Individual Voluntary Arrangeme ... Steve Rhode Fri, 19 Jan 2007 09:56:36 CST http://myvesta.org.uk/faq/questions/49/ Myvesta has created a series of online educational videos covering the most common IVA questions. The videos can be viwed here.You'll find many video segments with common questions and answers abo ... Steve Rhode Fri, 19 Jan 2007 09:55:14 CST http://myvesta.org.uk/faq/questions/51/ A Debt Management Plan (DMP) is an informal arrangement between an individual and their creditors. Debt management plans are not binding agreements between debtors and creditors and involve full r ... Steve Rhode Tue, 13 Nov 2007 17:38:53 CST http://myvesta.org.uk/faq/questions/104/ In this case the reclaimed unfair bank charges would reduce the debt with that bank and any funds above the debt with that bank would be available to use for other debts in the IVA.You would pro ... Steve Rhode Fri, 19 Jan 2007 10:13:51 CST http://myvesta.org.uk/faq/questions/113/ The Myvesta IVA programme information can be found on our site. Click here for detailed information. Steve Rhode Fri, 19 Jan 2007 10:15:04 CST http://myvesta.org.uk/faq/questions/117/ You can watch the answer to this question in our IVA video questions and answer section. Or you can click on the following link to watch the answer to the question, "Who Will Know If I Do An IV ... Steve Rhode Fri, 19 Jan 2007 10:10:45 CST http://myvesta.org.uk/faq/questions/134/ Absolutely the equity will be of interest to the creditors. The debtor’s equity is an asset that can be used to repay creditors. The equity can be accessed now, in a refinance, to offer a ... Steve Rhode Thu, 18 Jan 2007 16:07:57 CST http://myvesta.org.uk/faq/questions/137/ There is certainly no smooth way to transition between IVA providers once your IVA is in place. What we would suggest is that you do everything you can to work out your differences with your IVA ... Steve Rhode Fri, 19 Jan 2007 10:53:19 CST http://myvesta.org.uk/faq/questions/152/ It would be a shame for you to lose your home and all of the equity in your home, but that might just happen unless you take some action to address your current financial situation. All of your ... Steve Rhode Mon, 31 Mar 2008 11:42:23 CDT http://myvesta.org.uk/faq/questions/267/ Not only is the IVA a valid tool to use to get out of debt but watch the online video about what the government Insolvency Service says about the IVA. Watch video online now. Steve Rhode Fri, 19 Jan 2007 10:01:02 CST http://myvesta.org.uk/faq/questions/268/ Watch what the government Insolvency Service has to say about the advantages of the IVA as a good solution for problem debt. Watch the video online. Steve Rhode Fri, 19 Jan 2007 10:15:58 CST http://myvesta.org.uk/faq/questions/270/ Several options might be worth looking into and an IVA is certainly one of those options. However you should also consider bankruptcy also as a legally available option for dealing with problem ... Steve Rhode Fri, 19 Jan 2007 10:03:43 CST http://myvesta.org.uk/faq/questions/278/ Your situation has stirred some dissension in the insolvency community. If you are living off benefits, many would argue that you should not enter into an IVA based on benefit income. Those same ... Steve Rhode Fri, 19 Jan 2007 10:10:59 CST http://myvesta.org.uk/faq/questions/279/ A debt consolidation loan may not be a total fix as you found out. If the underlying spending is not contained then it is possible to find yourself back in the same situation again. In an IVA th ... Steve Rhode Mon, 31 Mar 2008 11:42:47 CDT http://myvesta.org.uk/faq/questions/282/ Actually what happens is that as long as you make your payments under the IVA the CCJ is not enforced. Under an IVA you are able to repay your debt for less than the full balance and so what act ... Steve Rhode Thu, 18 Jan 2007 16:09:35 CST http://myvesta.org.uk/faq/questions/283/ Yes. The IVA process has become the recognised and prevalent method for individuals seeking to deal with their financial difficulties in a responsible way. Related IVA Information Links ... Steve Rhode Fri, 19 Jan 2007 10:03:55 CST http://myvesta.org.uk/faq/questions/284/ No. There is no need to have court involvement to set up an IVA. Steve Rhode Mon, 31 Mar 2008 11:37:12 CDT http://myvesta.org.uk/faq/questions/285/ There is no requirement for creditors to vote in favour of your proposed IVA and they do have the right to object. If less than 25%, by value of the voting creditors, do not object, then the IV ... Steve Rhode Fri, 19 Jan 2007 10:12:54 CST http://myvesta.org.uk/faq/questions/286/ The date on which the IVA is approved by your creditors is the date at which all charges and interest must be frozen by your creditors. Steve Rhode Mon, 31 Mar 2008 11:39:53 CDT http://myvesta.org.uk/faq/questions/287/ When your IVA is approved, all creditors including those who did not vote and even those who voted against you will be bound by its terms and will be unable to take further action against you. ... Steve Rhode Fri, 19 Jan 2007 10:14:51 CST http://myvesta.org.uk/faq/questions/288/ Yes. The level of funds paid to your creditors will depend on your monthly disposable income after your necessary expenditure and any available assets. The large percentage of IVAs are resolved ... Steve Rhode Fri, 19 Jan 2007 10:13:34 CST http://myvesta.org.uk/faq/questions/289/ A secured debt is one where the lender has taken security over one or more of your assets to protect itself in the event of default. The most common example is a mortgage or secured loan over y ... Steve Rhode Fri, 19 Jan 2007 09:55:49 CST http://myvesta.org.uk/faq/questions/290/ Yes. It is possible to enter into an IVA where the only contribution is from a third party, such as a member of your family or a friend. Steve Rhode Mon, 31 Mar 2008 11:41:00 CDT http://myvesta.org.uk/faq/questions/291/ No. There is no need to take time off work in order to set up an IVA. A lot of the information can be obtained from a telephone call and copies of statements and documentation you provide. Re ... Steve Rhode Thu, 18 Jan 2007 16:47:02 CST http://myvesta.org.uk/faq/questions/292/ You will be asked for various pieces of information and documentation to be sent by post or courier to the Nominee's office. This information and documentation may include details, statements, ... Steve Rhode Fri, 19 Jan 2007 09:55:41 CST http://myvesta.org.uk/faq/questions/293/ You need to provide details of all of your debts both secured and unsecured. These will include bank loans, credit cards, store cards, council tax etc. You will also need to provide a recent s ... Steve Rhode Fri, 19 Jan 2007 09:56:48 CST http://myvesta.org.uk/faq/questions/294/ No. The signing of an IVA is not subject to any credit check. You can't be denied an IVA on the basis of your credit history or credit report. Steve Rhode Mon, 31 Mar 2008 11:39:19 CDT http://myvesta.org.uk/faq/questions/295/ Yes. You are not excluded from entering an IVA if you have CCJs. Related IVA Information Links IVA Question and Answer Videos IVA Payment Calculator Myvesta IVA Programme Steve Rhode Fri, 19 Jan 2007 10:14:13 CST http://myvesta.org.uk/faq/questions/296/ A proposal will be formulated by the Nominee (Insolvency Practitioner) from all the information you provide regarding your assets, debts, income and expenditure. This proposal will outline to b ... Steve Rhode Fri, 19 Jan 2007 10:05:01 CST http://myvesta.org.uk/faq/questions/297/ The signing of a IVA allows the Nominee (Insolvency Practitioner) to act on your behalf in relation to all known creditors and this will, in time, mean the cessation of calls and letters from yo ... Steve Rhode Fri, 19 Jan 2007 10:03:28 CST http://myvesta.org.uk/faq/questions/298/ Your IVA is private and confidential between you, your Nominee/Supervisor and your creditors. There is no need to share the terms of your individual voluntary arrangement within any outside par ... Steve Rhode Fri, 19 Jan 2007 09:53:18 CST http://myvesta.org.uk/faq/questions/299/ You are not obligated to tell your employer unless you owe them money or if your job requires some specified restriction on financial problems, debt agreements or workouts. If you have any questio ... Steve Rhode Fri, 19 Jan 2007 10:04:47 CST http://myvesta.org.uk/faq/questions/300/ There is no reason why you can't change jobs while in an IVA. If you do, you will need to inform your IVA Supervisor of the change. Related IVA Information Links IVA Question and Answer Vi ... Steve Rhode Fri, 19 Jan 2007 10:14:29 CST http://myvesta.org.uk/faq/questions/301/ You do not need to tell your landlord unless you owe them money. If your rental agreement is not included in your individual voluntary arrangement there is no reason why your landlord would need t ... Steve Rhode Fri, 19 Jan 2007 09:55:27 CST http://myvesta.org.uk/faq/questions/304/ There is no requirement to publicise either the fact that you have enetered into and IVA or the details of your IVA in any local newspaper.It is doubtful that any neighbors or friends will discove ... Steve Rhode Thu, 18 Jan 2007 16:06:43 CST http://myvesta.org.uk/faq/questions/305/ If more than 25% of your voting creditors vote to reject your proposed repayment arrangement then you will be back in the position you are in now and we will then help you to investigated any addi ... Steve Rhode Fri, 19 Jan 2007 09:59:37 CST http://myvesta.org.uk/faq/questions/306/ Joint debt may be included in an IVA but if only one of the joint debt holders has entered into an IVA then the creditor can go after the other person on the account in an attempt to repay the deb ... Steve Rhode Fri, 19 Jan 2007 10:13:23 CST http://myvesta.org.uk/faq/questions/307/ Question: It is true that you can include tax liabilities such as PAYE, VAT and National Insurance obligations in an IVA.Answer: Yes, back taxes can be included in an IVA.IVA Steve Rhode Mon, 31 Mar 2008 16:50:28 CDT http://myvesta.org.uk/faq/questions/308/ All interest, fees and charges are frozen at the date of the approval of the IVA. Any claim made by the creditor must be for the amount due to them at the date the IVA was approved by your credito ... Steve Rhode Fri, 19 Jan 2007 09:59:29 CST http://myvesta.org.uk/faq/questions/309/ The best way to explain this is by example. If you owe a creditor £10,000 at the date you sign a IVA and they are paid £3,000 by your Supervisor out of the funds contributed, you wi ... Steve Rhode Fri, 19 Jan 2007 10:08:50 CST http://myvesta.org.uk/faq/questions/310/ So long as you have complied with the terms of the IVA you will be discharged following the end of the IVA period, normally five years from the date it was accepted. A final discharge is usually g ... Steve Rhode Fri, 19 Jan 2007 09:55:21 CST http://myvesta.org.uk/faq/questions/311/ It really depends. The value of your car and the required use for your car are determining factors that are considered in allowing you to keep your current car. If approved you will be able to ret ... Steve Rhode Fri, 19 Jan 2007 09:49:35 CST http://myvesta.org.uk/faq/questions/312/ With a Myvesta IVA there is no additional cost to you. The fees and outlays of the IVA are paid from funds gathered from the monthly contributions or funds paid into the IVA. Related IVA Inform ... Steve Rhode Fri, 19 Jan 2007 10:09:14 CST http://myvesta.org.uk/faq/questions/313/ The key thing to remember is to communicate with your Supervisor, the insolvency practitioners office. Let your Supervisor know what has happened as soon as possible. Depending on how long you ... Steve Rhode Fri, 19 Jan 2007 10:00:22 CST http://myvesta.org.uk/faq/questions/314/ During the period that you are i your IVA you cannot apply for new credit. If you find yourself in a situation where you might need to apply for credit, contact your IVA Supervisor and discuss the ... Steve Rhode Fri, 19 Jan 2007 10:03:16 CST http://myvesta.org.uk/faq/questions/315/ Yes, signing an IVA does not automatically stop you from being a director of a limited company. If you want specific information about your role and status with your company just check the comp ... Steve Rhode Fri, 19 Jan 2007 10:07:34 CST http://myvesta.org.uk/faq/questions/316/ Your IVA Supervisor is not required to notify the credit bureaus that you have entered an IVA. Your creditors always have the right to update your record to reflect the current true and accurate r ... Steve Rhode Thu, 18 Jan 2007 16:07:27 CST http://myvesta.org.uk/faq/questions/317/ If you enter an IVA you can have a debit card or a Myvesta Cashplus MasterCard to use for work purposes. The important point is that the Myvesta Cashplus MasterCard is a prepaid card but operates ... Steve Rhode Fri, 19 Jan 2007 10:08:10 CST http://myvesta.org.uk/faq/questions/318/ Most people successfully remain in and retain their property while in an IVA. As part of the IVA process you may be required to raise some funds through remortgaging if you have now or will have ... Steve Rhode Fri, 19 Jan 2007 11:09:05 CST http://myvesta.org.uk/faq/questions/319/ If the monthly payment on the new property and cost of running that house is less than or equal to your current rented accomodation costs, then it should not be a problem.Since you are already in ... Steve Rhode Fri, 19 Jan 2007 10:07:08 CST http://myvesta.org.uk/faq/questions/320/ If you have a problem making your IVA payments, for what ever reason, you should contact your IVA Supervisor as soon as possible so that a satisfactory solution can be worked out so your IVA is no ... Steve Rhode Fri, 19 Jan 2007 09:59:49 CST http://myvesta.org.uk/faq/questions/321/ Absolutely not. At Myvesta we do not charge you any fee for our IVA services and you are not required to pay us one penny if your IVA is not successfully put in place with your creditors.In the un ... Steve Rhode Fri, 19 Jan 2007 10:11:09 CST http://myvesta.org.uk/faq/questions/322/ Time is of the essence right now and you should contact us right now to take action. It may not be too late to stop the recovery action so that your IVA can commence. Related IVA Information Li ... Steve Rhode Fri, 19 Jan 2007 10:00:11 CST http://myvesta.org.uk/faq/questions/323/ For an IVA to be approved all that is required is greater that 75% of the voting creditors to accept your arrangement and it will be binding on all your creditors. For example if you have a total ... Steve Rhode Fri, 19 Jan 2007 10:09:54 CST http://myvesta.org.uk/faq/questions/324/ If you are a resident of England, Wales or Nothern Ireland you are eligible for an IVA. If you are a resident of Scotland you should investigate the Trust Deed process for a similar solution. Rel ... Steve Rhode Fri, 19 Jan 2007 10:14:40 CST http://myvesta.org.uk/faq/questions/325/ The arrangement is only binding upon your unsecured creditors, for example your credit cards, personal loan, bank overdraft etc. Creditors who hold security over any of your assets (e.g. your m ... Steve Rhode Fri, 19 Jan 2007 10:01:17 CST http://myvesta.org.uk/faq/questions/329/ Yes you could. Bankruptcy is the next step if you enter an IVA and find that your circumstances have changed and you can no longer afford your IVA payment. While we hope that the IVA does r ... Steve Rhode Fri, 19 Jan 2007 10:04:36 CST http://myvesta.org.uk/faq/questions/334/ ADDITIONAL INFORMATION: When I left him on Oct 22nd 05, due to my living circumstances being threatening, he was going to stay there and pay the mortgage. Since then he now has a friend livi ... Steve Rhode Fri, 19 Jan 2007 10:00:39 CST http://myvesta.org.uk/faq/questions/350/ Click here to watch the answer to this question from our video series 'Interview with the Insolvency Service'. Steve Rhode Thu, 18 Jan 2007 16:00:48 CST http://myvesta.org.uk/faq/questions/351/ Click here to watch the answer to this question from our video series 'Interview with the Insolvency Service'. Steve Rhode Thu, 18 Jan 2007 16:01:57 CST http://myvesta.org.uk/faq/questions/361/ Click here to watch the answer to this question from our video series 'Interview with the Insolvency Service'. Steve Rhode Thu, 18 Jan 2007 15:58:34 CST http://myvesta.org.uk/faq/questions/372/ Click here to watch the answer to this question from our video series 'Interview with the Insolvency Service'. Steve Rhode Thu, 18 Jan 2007 13:57:07 CST http://myvesta.org.uk/faq/questions/383/ Click here to watch the answer to this question from our video series 'Interview with the Insolvency Service'. Steve Rhode Thu, 18 Jan 2007 15:56:07 CST http://myvesta.org.uk/faq/questions/391/ If you cannot come to a suitable modification or variation with your IVA supervisor, your IVA may fail. In that case creditors may petition for your bankruptcy or resume collection efforts.If you ... Steve Rhode Tue, 23 Jan 2007 14:35:27 CST http://myvesta.org.uk/faq/questions/392/ If you cannot come to a suitable modification or variation with your IVA supervisor, your IVA may fail. In that case creditors may petition for your bankruptcy or resume collection efforts.If you ... Steve Rhode Tue, 23 Jan 2007 14:54:51 CST http://myvesta.org.uk/faq/questions/400/ You can include this personal loan in an IVA and in fact if you paid off that debt before going bankrupt or entering an IVA it could possibly be reversed since you are giving preferential treatm ... Steve Rhode Mon, 29 Jan 2007 14:30:10 CST http://myvesta.org.uk/faq/questions/403/ If the business is a separate entity, like a limited company, and the company is applying for the loan and you are not personally guaranteeing it; that would be between the company and the lende ... Steve Rhode Mon, 29 Jan 2007 15:28:32 CST http://myvesta.org.uk/faq/questions/417/ If you have lived in the UK during the last three years you can possibly have your UK debts resolved with an IVA depending on your circumstances. To receive an opinion regarding your specific si ... Steve Rhode Mon, 31 Mar 2008 11:40:35 CDT http://myvesta.org.uk/faq/questions/432/ Your home equity is part of your overall estate and creditors could go after your home if you fail to address your debt situation. In a Myvesta IVA we try to address the equity issue in a fair a ... Steve Rhode Mon, 05 Feb 2007 13:27:25 CST http://myvesta.org.uk/faq/questions/441/ Yes, creditors would be able to pursue the partner not in an IVA for repayment since the joint account holder is equally responsible for the repayment of the debt. In the case of an IVA it seems ... Steve Rhode Mon, 31 Mar 2008 11:41:55 CDT http://myvesta.org.uk/faq/questions/442/ There is no reason why you can’t sell the house however it would be advisable to keep all of the funds received from the sale of the house for the trustee when you file. Do not pay any deb ... Steve Rhode Thu, 08 Feb 2007 14:12:34 CST http://myvesta.org.uk/faq/questions/466/ The IVA option may well be a possibility although a monthly offer of repayment of £230 is quite low given the level of debt that you have. If you are able to offer additional funds at some p ... Steve Rhode Sun, 11 Mar 2007 09:56:05 CDT http://myvesta.org.uk/faq/questions/663/ When you enter into an IVA a full list of income and expenditure is done. Your expenditure allows for incidences such as medical,optical, dental, car repairs and maintenance etc. You will also ... Steve Rhode Tue, 25 Sep 2007 15:12:54 CDT http://myvesta.org.uk/faq/questions/919/ Question: If a person living in the UK decides to enter into an IVA but also has a Debt with a Bank in the Republic of Ireland are the Bank required to follow the outcome or does the person have t ... Steve Rhode Wed, 03 Sep 2008 03:24:23 CDT http://myvesta.org.uk/faq/questions/987/ Question: I recently lost my job and as a result am living overseas but with a much lower income job and higher monthly outgoings which means I am unlikely to be able to afford the payments to my ... Steve Rhode Thu, 17 Jul 2008 02:58:22 CDT http://myvesta.org.uk/faq/questions/1025/ Question: I have just completed the second year of my IVA and am looking to go back into education, I will be continuing with my job whilst studying so see no problems in future repayments but nee ... Steve Rhode Wed, 03 Sep 2008 03:36:30 CDT http://myvesta.org.uk/faq/questions/1031/ Question: What qualifies you for an IVA as opposed to a Debt Management Plan?Answer: It really can vary according to what someone wants to accomplish. If you have more equity then debt, an IVA wi ... Steve Rhode Wed, 17 Sep 2008 10:43:21 CDT http://myvesta.org.uk/faq/questions/1041/ Question: Hi I have a mortgage for £90000 and my house is worth £90000 from December my mortgage is going up by £130 a month which will put strain on my expenditure, i also have ... Steve Rhode Tue, 23 Sep 2008 05:50:33 CDT http://myvesta.org.uk/faq/questions/1044/ Question: I have an IVA in england, and am now living in rep of Ireland. What would happen if I failed my payments. Would this affect my future in Ireland? Like a mortgage? Answer: If your IVA fai ... Steve Rhode Tue, 23 Sep 2008 06:09:29 CDT http://myvesta.org.uk/faq/questions/1045/ Question: If my creditors make me bankrupt because I failed my IVA. Do I have to pay? Would this affect me if I was residing in another EU country and had no intentions of moving back there?Answer ... Steve Rhode Tue, 23 Sep 2008 06:12:36 CDT http://myvesta.org.uk/faq/questions/1079/ Question: We have just taken an iva, and would like to move house to reduce our mortgage. Can we do this.Answer: You will need to consult the supervisor of your IVA on this. In most instances yo ... Steve Rhode Tue, 04 Nov 2008 05:58:36 CST