am i able to include a secured loan in an IVA?

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Lee.E

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Post by Lee.E » Wed Feb 20, 2008 8:27 am
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am i able to include a secured loan in an IVA?
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debbiw

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Post by debbiw » Wed Feb 20, 2008 8:34 am
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Hi Lee, No, Debts for unsecured loans only in IVA's I'm afraid x
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MelanieGiles

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Post by MelanieGiles » Wed Feb 20, 2008 9:24 am
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But if there is a shortfall, the secured creditor can vote for that balance as an unsecured creditor - and your IP should certainly circulate them as a contingent creditor.
Regards, Melanie Giles, Insolvency Practitioner
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