can i include this in a iva?

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s199

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Post by s199 » Wed Nov 26, 2008 10:01 am
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i borrowed £3000 from a friend to pay mortgage arrears but have since had my home repossessed i want to pay this back to her ut cnt afford to give a lot can i include this in a iva?
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rayb

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Post by rayb » Wed Nov 26, 2008 10:33 am
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Yes you can include her as a Creditor when you start the IVA process
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kallis3

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Post by kallis3 » Wed Nov 26, 2008 11:59 am
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I think you have to include her as she is an unsecured creditor.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Lisa2009

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Post by Lisa2009 » Wed Nov 26, 2008 12:06 pm
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She will only get the same dividend as your other creditors though.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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