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Posted: Tue Dec 02, 2008 12:09 am
by angesafc
im thinking about starting in an iva, i owe £7000 in credit cards and loans, i also owe Inland Revenue £21000 in an apparent over payment which has occured over the last 7 years, i cannot prove that what they are claiming is incorrect so it looks as though i have to pay this money back, im really scared as i have a baby due in march and i cannot afford to live at the minute, could my over payment be included in an iva. thanks
Posted: Tue Dec 02, 2008 12:26 am
by MelanieGiles
Hi there and welcome to the forum
The debt to HMRC should be included in the IVA, so I would recommend that you take advice as soon as possible from an insolvency practitioner who can assess your financial situation and make suggestions as to an appropriate way forward.
Posted: Tue Dec 02, 2008 6:27 am
by kallis3
Hi and welcome from me too.
You need to phone a couple of IP's to get advice. Visit
www.iva.com where there are reviews for a lot of companies. If you visit the experts page link which you can find in the left hand column, there are a lot listed on there, most are highly recommended.
Give them a call, they will go through all your options to help you decide the best way forward.