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Posted: Sun Apr 17, 2011 9:25 am
by Lazarou
Hi all,
I have been told that debts under £1000 cannot be included in an IVA, is this true?
thanks
Posted: Sun Apr 17, 2011 9:31 am
by TheMatrix
I believe all unsecured debts have to be included in a IVA, otherwise it is like favoriting a specific creditor which is not allowed.
Posted: Sun Apr 17, 2011 9:35 am
by kallis3
TheMatrix is correct - all unsecured have to be included, no matter how small.
Posted: Sun Apr 17, 2011 10:31 am
by Shining
Have you taken some professional advice Lazarou? Always best to there is no obligation and it's free and case specific., Worth a thought x
Posted: Sun Apr 17, 2011 10:52 am
by kallis3
Looking at previous posts, Lazarou is already in an IVA.
Lazarou - do you have any debts outside of the IVA?
Posted: Sun Apr 17, 2011 11:08 am
by Broke of London
Hi - as has already been said all unsecured debts should be included. Personally, two of my debts which went into the iva were under £1000 - a credit card and an OD.
Posted: Sun Apr 17, 2011 11:40 am
by Shining
Ah I see now, really should do my homework x
Posted: Sun Apr 17, 2011 12:07 pm
by kallis3
I'm the same Lesley!