If some of my creditors haven’t accepted the Iva approx £5.000 in total does this mean I will be liable for these debts at the end 3.5 years left to go ?
No, all creditors are included and cannot chase you afterwards.
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
If they were included in your IVA then they will not be able to claim. Check your paperwork.
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
The usual terms in a proposal state that creditors who didn't receive notice of your proposal are still bound by the terms of the arrangement. Depending on the estimated claim amount of additional creditor(s) it may result in a creditors' meeting to vary the proposal.
As stated - all creditors will be included whether they vote or not.
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
