told they weren't able to get a iva

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lojo

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Post by lojo » Mon Mar 31, 2008 5:28 pm
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My parents have 4 secured loans and 1 unsecured within the region off 45.000-50.000, they were told they weren't able to get a iva is this true if so is there any other avenue they can go down without them selling their house to clear all the debts
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Oliver

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Post by Oliver » Mon Mar 31, 2008 5:51 pm
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IVA's only deal with the unsecured portion of the debt and it is now generally agreed that this unsecured debt should be with at least 3 creditors. How much is the unsecured portion of the debt? We generally look at unsecured a minimum debt of £16500 with 3 or more creditors.
Best Regards
Oliver
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