I was in a property based IVA. one of the creditors was our childs private school. They told us to leave him in the school after the IVA was finalised. (he was in his gcse's)They agreed verbally that any cost would be settled after the property had sold out of any surplus. 4 years into the IVA they ...

Thank you Andy for sparing me your time and responding. It would seem that my questions are unanswerable. I'm probably asking the wrong questions or more probably all is going to be OK.

Ian

Thanks Lily, When the IVA was set up, Tenon Predicted that The premises would sell quickly because it is in a development area, we agreed that this should be the case. They never thought it would get to the first year review without selling. If it had sold then all the creditors would be paid 100% o...

My wife and I ran our company for 14 years when a series of unfortunate events forced us into liquidation in January 2006. Between us we were left with guarenteed loans, credit card bills and other personal debts of well over £100,000 pounds. On the plus side of things the premises we had operated i...