Get expert opinion. This is the place for new questions to be posted.
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Jenny.cg
- Posts: 1
- Joined: Mon May 06, 2013 1:18 pm
Hi I am going to have to do an IVa but 2 months ago ordered sofas from DFS and deferred the first payment until jan 2013. Apparently this needs to be included in my IVA as its a fixed sum loan agreement through Creation. My sofas are due to be delivered in 2 weeks and I dont know if I'll get them or not as Creation are also one of my creditors. Should I hold off until the sofas come and what will happen to them if I do an IVA after this? It says on the agreement I need Creations permission to enter into an agreement with creditors but I'm committed to thesofas with DFS and have no other way of paying
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Adam Davies
- Posts: 14596
- Joined: Thu Mar 29, 2007 12:21 pm
- Location:
Hi
If the Sofas can't be cancelled then yes they will be included in your IVA agreement and guessing that they are a minority creditor it will not affect your IVA outcome if they reject
Regards
Andam Davies
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plasticdaft
Forum Expert
- Posts: 9562
- Joined: Wed May 21, 2008 12:45 pm
- Location: United Kingdom
At least you'll be comfy for the duration of your iva!!!
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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mitch2311
- Posts: 247
- Joined: Tue Jun 12, 2012 1:53 pm
- Location: United Kingdom
Same thing kinda happened to me, ordered a new sofa from DFS also and three weeks after the sofa arrived my iva was accepted. Felt guilty as my sofa debt went into the iva, when i went and got the sofa i managed to get them to knock £250 off it. What with the IVA im basically paying a third of it back
