Is it possible to add another debt onto the IVA after it has already been set up ?

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Sarita

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Post by Sarita » Sat Sep 19, 2015 10:29 am
Is it possible to add another debt onto the IVA after it has already been set up?
 
 

kallis3

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Post by kallis3 » Sat Sep 19, 2015 10:36 am
Hi and welcome to the forum,

Is this a debt incurred since the IVA was set up or was it one missed off by accident.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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luluj

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Post by luluj » Sun Sep 20, 2015 6:37 am
Depending when the debt first occurred it maybe possible. If the debt was prior to your iva start date then your IP may be able to include it, however if you have incurred the debt after the start of the iva then it may not be so easy or impossible to do.
Talk through the circumstances with your IP and see what they can do to support
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

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Lisa Thomas

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Post by Lisa Thomas » Mon Sep 21, 2015 1:30 pm
Also if this was a pre IVA debt and it is a material amount you MAY have breached your IVA in not disclosing it...! When was debt incurred and how much is it for?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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