IVA if we were not in the UK?

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e_s

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Post by e_s » Mon Feb 25, 2008 7:59 pm
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Hi,

Girlfriend and I have joing debts built up over last 3-5yrs due to purchase of a villa in Spain.

Credit card debt of approx £30k, 4 loans totalling 40k with banks, a loan of 35k with parents and 130% mortgage.

We are trying to sell the place in spain but it takes on avergae 2-4yrs to sell in the region.

We are struggling and have defaulted on our credit cards.

However, my girlfriend is a teacher, she has been offerred a job in Vietnam that pays better than here and provides accomodation. It is a 4yr contract so will allow us to save a lot of money and have very little outgoings.

Would we be able to enter into an IVA if we were not in the UK?
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MelanieGiles

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Post by MelanieGiles » Tue Feb 26, 2008 9:55 am
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Hi e-s and welcome to the forum

If you presently have a UK address there should be no reason why you cannot start and IVA before you leave the country and then make the payments electronically from overseas. I have a few clients who are living abroad and this works quite well.

Are you living in Spain or the UK at the moment?
Regards, Melanie Giles, Insolvency Practitioner
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