does iva include secured loans on property

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j-l

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Post by j-l » Thu Jun 07, 2007 7:38 am
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does iva include secured loans on property
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Skippy

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Post by Skippy » Thu Jun 07, 2007 8:48 am
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Hi jl and welcome to the forum. You can only include unsecured debt in an IVA, and any payments for secured loans must be listed in your income and expenditure and paid outside your IVA payments.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/
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iva_squirrel

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Post by iva_squirrel » Thu Jun 07, 2007 9:29 am
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Hi j-l

I agree with skippy,
if you have a secured loan in your property you should include it in your monthly expenditure and pay it outside the IVA.

Best Regards,
Michelle P.
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