IVA Cancellation

[Rising]

HI,
I would like to ask how I can cancel my IVA contract?

[atticus]

Has the IVA proposal been made to your creditors and approved by them?

[Rising]

HI Atticus,

Thank you for your reply, my IVA has been accepted by my creditors. At the time I did not take time to check all the negative effects . Now I would like to cancel. Please any ideas?

[atticus]

It can be done, but will almost certainly have consequences. Unfortunately you have already entered the IVA shark pool. I am shocked to be hearing ads by the IVA sharks on local radio - these are rarely the first thing that should be considered.

You should make an appointment with a debt adviser at the CAB or a debt advice charity such as Stepchange. Here is something for you to read: https://www.citizensadvice.org.uk/de...r-iva-payments

[Rising]

Thank you so much for your advice.