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Bankruptcy / IVA terms and conditions.
Hi,
I am looking at going through an IVA and want to put all my debts on this. I have a company saying they are going to terminate my contract, so I can not put it through the IVA but still have to pay them for the finance.
Are they allowed to do this?
'' 15. Termination of the agreement
This Agreement has no fixed duration and will continue until either we or you terminate the Agreement.
You can bring this Agreement to an end at any time with immediate effect, and without having to give any reason, by giving us not less than seven days’ oral or written notice.
We can bring the agreement to an end by giving you two months’ written notice.
If you become bankrupt or are unable to pay your debts or if an interim order in bankruptcy is presented or made, or you become apparently insolvent or have a proposal for a voluntary arrangement made in relation to you, we may, by giving you written notice, bring this Agreement to an end immediately.
If we or you end this agreement you must continue to make your Minimum Payments until you have repaid all amounts you owe us.
'Any help would be appreciated.
Thank you,
I am looking at going through an IVA and want to put all my debts on this. I have a company saying they are going to terminate my contract, so I can not put it through the IVA but still have to pay them for the finance.
Are they allowed to do this?
'' 15. Termination of the agreement
This Agreement has no fixed duration and will continue until either we or you terminate the Agreement.
You can bring this Agreement to an end at any time with immediate effect, and without having to give any reason, by giving us not less than seven days’ oral or written notice.
We can bring the agreement to an end by giving you two months’ written notice.
If you become bankrupt or are unable to pay your debts or if an interim order in bankruptcy is presented or made, or you become apparently insolvent or have a proposal for a voluntary arrangement made in relation to you, we may, by giving you written notice, bring this Agreement to an end immediately.
If we or you end this agreement you must continue to make your Minimum Payments until you have repaid all amounts you owe us.
'Any help would be appreciated.
Thank you,
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