first help

[ray72]

hi read lots on here tonight, can you tell me if i enter into

an iva is my daughters horse classed as an asset

[Oliver]

Hi Ray

The problem is not so much the horse as its upkeep. In my experience a horse costs c£200/mth to maintain. If you are paying for this, then I can tell you that your creditors will not accept this kind of expenditure to be taken into account within an IVA budget.

If you are considering an IVA, you would need to make other arrangements for the upkeep of the horse. Could another family member maintain it?

You can access Video Clips giving additional information about IVAs at:
http://www.thomascharles.com/interview_ ... an_iva.asp

If you would like more information about IVAs, other debt solutions, or just want to arrange an informal chat, please visit us at www.thomascharles.com.

Best Regards
James Falla
www.thomascharles.com

[ray72]

thanks for your reply, second question does anyone have to come to my home to assess my assets or do i just declare them on forms

[iva_squirrel]

Hello Ray,

To set up an IVA, the debtor must submit a proposal to his creditors that list all his assets and their values. Nobody needs to come to your house to assess your assets.

If you own a house, you might need to get a house valuation. More and more creditors are aware of the increase in house prices and, if you are a homeowner, even though you may not be able to raise any money against the house to pay off your debts now, you may be asked to pledge a percentage of the future equity to pay into the IVA.

Kindest regards,



For more information about IVAs, please visit my website:
www.supersonicsquirrel.net

[ray72]

can i get a copy of the proposal form for an iva anywhere

[Oliver]

Hi Ray

In answer to your quetion, no you can not just pick up an IVA propoal form. The IVA is not something that you are allowed to undertake yourself.

In order to propoe an IVA to your creditors, you must use the service of a Licensed Insolvency Practitioner. These people are specially regulated and licensed to broker an IVA between you and your creditors.

If you want to find out more about IVAs, you should have a chat to a specialist. One of the advisors at Thomas Charle would be happy to help if you would like to contact us

You can access Video Clips giving additional information about IVAs at:
http://www.thomascharles.com/interview_ ... an_iva.asp

If you would like more information about IVAs, other debt solutions, or just want to arrange an informal chat, please visit us at www.thomascharles.com.

Best Regards
James Falla
www.thomascharles.com