Can a government debt be added to an IVA ?

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Shelley.88

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Post by Shelley.88 » Sun Feb 05, 2012 5:48 am
A relative has received a demand for an alleged over payment of Tax Credits from HMRC, which they'd like repaying by March. They have an IVA which is currently half way through. Can a government debt be added to an IVA?
 
 

Shining

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Post by Shining » Sun Feb 05, 2012 6:12 am
Hi and welcome to the forum, do ask your relative to speak directly with their IP to discuss this furtner, if it can't be added would they be able to negotiate to pay it off over a period of timem? x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

luluj

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Post by luluj » Sun Feb 05, 2012 6:39 am
You will need to raise this with the IP and provide them with the documentation - hopefully the debt can be dealt with in the terms of the IVA or under a separate agreement that will allow the IVA to continue untils its conclusion.
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kyla123x

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Post by kyla123x » Sun Feb 05, 2012 2:55 pm
i had a tax credit overpayment for £7000 couldnt add it to iva but have spoken to iva company and HMRC and i now pay them back at £50 a month off set from my iva and it will take me until 2024 to pay it back lol !!
 
 

MelanieGiles

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Post by MelanieGiles » Mon Feb 06, 2012 12:29 am
Not if it relates to a period after the IVA was agreed by creditors. Best that they seek advice from their own IP on this matter.
Regards, Melanie Giles, Insolvency Practitioner
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