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Posted: Wed Nov 26, 2008 10:01 am
by s199
i borrowed £3000 from a friend to pay mortgage arrears but have since had my home repossessed i want to pay this back to her ut cnt afford to give a lot can i include this in a iva?
Posted: Wed Nov 26, 2008 10:33 am
by rayb
Yes you can include her as a Creditor when you start the IVA process
Posted: Wed Nov 26, 2008 11:59 am
by kallis3
I think you have to include her as she is an unsecured creditor.
Posted: Wed Nov 26, 2008 12:06 pm
by Lisa2009
She will only get the same dividend as your other creditors though.