So if you applied for an IVA with the main debt being a constantly added to personal bank loan which you have kept up your repayments on , would the bank accept that and reduce your debt even though they are receiving their repayments every month ? Also , how do they work out how much you can put in...

I am only enquiring as someone i know has added and added to a personal loan and they appear to have no problem paying their monthly installment . They are now talking about an IVA to clear most of their debts , the last time they added to the loan was less than 8 months ago. Now maybe its just me b...

I have read a lot about the IVA but am a little confused about how personal loans are factored into one. Are there any reasons why a personal loan wouldn't be accepted in an IVA or are they always accepted ? If they are always accepted what would stop someone taking a large personal loan out with th...