www.iva.co.uk

we are thinking of an iva however one of our creditors is for our car (that is needed for work as my wife is a home carer) another one of our creditors is for my motorbike which i need for work due to me starting around 12 noon and finishing between 10 pm and 3am where there is no public transport so the question is are these assets that we need to sell or can they be sold and cheaper ones brought and the remainder of the money go to the crditors

Hi! If they are of modest value you should be fine. It is very rare that people are asked to sell their vehicles and replace with cheaper.

It is very unlikely that you would be asked to sell your vehicles Paul, and resist this if anyone suggests to you that you should.