hi, i'm waiting for the proposal to be written up. just waiting for proof from ex that the equity in the house is hers. which it is. my current car has died so i need a new one. i got my bonus this payday and would like to spend £3000 on a new car which would last the 5/6 years i'm on the IVA. is this a bad idea? would my creditors make me sell it?
Hi and welcome to the forum. If you already owned a car valued at £3K I doubt the creditors would make you sell it, if you've already instigated an IVA it would be a good idea to speak to your IP and s/he can give you case specific advice. Just give them a call and they'll be able to advise you.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
It's highly unlikely that you would be made to sell it. Our car was worth 8k and was not questioned at all.
I do agree that you should speak to your IP though.
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.
Bob Marley. http://kallis3.blogs.iva.co.uk
