Old debts

4 posts Page 1 of 1
Post Reply
 
 

paul51

User avatar
Posts: 26
Joined: Tue Oct 09, 2007 11:57 am
Location: United Kingdom
Post by paul51 » Wed Jul 23, 2008 5:11 pm
Quote
Can a couple of old debts be added to the iva even after it has been set up and has been going for sometime
Top
 
 

LoneRanger

User avatar
Posts: 894
Joined: Fri Jun 20, 2008 6:00 pm
Location: United Kingdom
Post by LoneRanger » Wed Jul 23, 2008 5:12 pm
Quote
How come they were not added when you first set up the IVA? just out of interest?
Steve.

IVA approved!
Top
 
 

Viki.W

User avatar
Posts: 5647
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom
Post by Viki.W » Wed Jul 23, 2008 5:16 pm
Quote
Hey Paul, i think if they are debts from before your IVA, you need to tell your IP as soon as possible so that they can add them to your IVA. It may mean the creditors getting a lower dividend or if they are small, it probably won't cause too many problems. Please wait for an expert to advise you. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Wed Jul 23, 2008 5:45 pm
Quote
If they are creditors who were entitled to vote at the creditors meeting, but who were not included due to genuine mistake, then they can be included - but you amy face having to make longer payments to ensure that the original dividend is achieved.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
4 posts Page 1 of 1
Return to “postings for july”