Hope you can help

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music-madness

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Post by music-madness » Fri Feb 29, 2008 8:58 am
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Hi
I started an IVA in July 2005 but stupidly didn't include all my creditors. I have another 3 creditcards with a total of about £14000 on them. I'm struggling keeping up with the re-payments and was wondering if theres anything I can do, even if its just getting them to stop the interest?
Hope you can help
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luluj

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Post by luluj » Fri Feb 29, 2008 9:41 am
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tell your IP - they will probably advise a variation meeting to se if these can now be included - however be prepared for a tough time as £14000 of overlook is alot to forget about - have you used them since your IVA started? Hopefully not - if you have again I think you mightbe in sticky waters!

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Lisa2009

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Post by Lisa2009 » Fri Feb 29, 2008 10:16 am
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Why didnt you include all your creditors?
If you have been using the credit cards then i would assume your IVA is at default because without the express permission from your IP credit is NOT allowed during your IVA.
With such a large sum, whether the cards have been used during the IVA or not you MUST contact your IP to discuss it.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


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ianmillington

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Post by ianmillington » Fri Feb 29, 2008 10:22 am
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Great points luluj and Mrs S.

Can I just add that if the additional debts relate to the post - IVA period they cannot be included at all.

Ian
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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