www.iva.co.uk

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.

thanks . i'll give them a call tomorrow.

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.