Can I enter into an IVA if I have already received a Statutory Demand ?

Debts in the News

Sharp Rise in Repossessions.
Repossessions were up 40% in the first three months of 2008, compared to the previous year – and things look set to get worse. [more...]

Number Of People Going Bust On The Decrease
The number of people declared insolvent in England and Wales fell slightly in the 2nd quarter of 2008. Being declared insolvent mean become bankrupt or entering into an IVA. [more...]

How Long Before You Run Out Of Cash?
The average person's savings would last for 52 days if other income ceased, a report by the Yorkshire Building Society has suggested. [more...]

The average household is 15% worse off than in 2003
Consumer spending power has fallen dramatically due to rises in the cost of living according to a report by Ernst & Young. [more...]

IVA Question

Can I enter into an IVA if I have already received a Statutory Demand ?

Yes, although we recommend that you contact us as soon as possible. We would apply for an "Interim Order" to the court, which is a request to suspend all legal action until the result the creditors meeting is known.

View entire IVA FAQ Database

IVA Enquiry